City eye Argentine to replace struggling Pellegrini.
Manchester City are reportedly on alert after learning that Diego Simeone is stalling on signing a new contract with current club Atletico Madrid, according to the Daily Mirror.
Simeone has become regarded as one of the finest managers in the world after his superb work in La Liga, leading Atletico to the title and to the Champions League final last season.
Other big clubs have also shown an interest, but City could be working on hiring him as soon as possible after a poor campaign under Manuel Pellegrini this season.
Simeone would certainly be an exciting replacement and addition to the Premier League if he could be lured to the Etihad Stadium.