Pellegrini not finished spending yet but refuses to comment on Pepe

Manuel Pellegrini is not finished spending in the transfer market just yet, and his exploits could see Man City spending well in excess of £100m this summer, according to The Sun.

The Chilean has made four signings since taking over the reins at the Etihad, with initial spending currently standing at the £83.4m region.

He is understood to still hold interest in Real Madrid defender Pepe, despite the Spaniard’s efforts to block any bid that may come their way. As a contingency plan, Joleon Lescott and Micah Richards are being offered new contracts should Pellegrini fail to land a new defender.

He said: “The club has spent money on important players. But you must remember that last year here there was Mario Balotelli and Carlos Tevez, so we had to replace two very good players.

“We have the rest of July and the whole of August to finish the squad completely. It’s not absolutely complete but it’s very near to being complete.”

When pressed on the Pepe situation, Pellegrini refused to be drawn on speculation, stating: “I don’t speak about rumours. I think we have the players we need here.

“I just said we will see what happens but I’m not talking about specific names because it’s not better for us, so I don’t talk about Pepe or any other names.”

City take on Sunderland in the final of the Barclays Asia Trophy in Hong Kong today.

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