City priced out of move for England international.
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Manchester City showed a strong interest in signing Ross Barkley earlier this summer but pulled out of a deal after Everton demanded £50m for the youngster, according to the Daily Mirror.
The 20-year-old midfielder is regarded as one of the most promising young talents in Europe at the moment, and is certainly up there with the best young players in the Premier League, though City were unwilling to meet this inflated evaluation of the player.
The Premier League champions were supposedly ready to offer around £30m plus add-ons for Barkley, but Everton have warned off potential suitors for his signature with a staggering asking price for one so inexperienced.
A £50m move would smash the transfer record paid for an English player, with Andy Carroll currently top of that list after his £35m move from Newcastle United to Liverpool back in 2011.
Barkley recently handed Everton a major boost by signing a new four-year contract to commit his future to Goodison Park, though he will no doubt continue to attract interest from big clubs if he maintains his fine performances.
However, he is now set to miss the start of this season through injury after suffering torn knee ligaments.