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Biggest signing of transfer deadline day is Pep Guardiola agreeing to join Manchester City

Forget any moves for players, as the biggest story of transfer deadline day is Pep Guardiola's move to Manchester City.

Moments after City's current boss Manuel Pellegrini made the shock announcement at his pre match press conference that he'll be leaving, the club confirmed that the Spaniard will be the man replacing him in the summer.

Sports Correspondent Chris Hall has the story.

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Pep Guardiola to take over at Manchester City

Pep Guardiola Credit: PA

Manchester City can confirm that in recent weeks it has commenced and finalised contractual negotiations with Pep Guardiola to become MCFC head coach for the 2016/17 EPL season onwards.

The contract is for three years. These negotiations were a re-commencement of discussions that were curtailed in 2012.

Out of respect for Manuel Pellegrini and the players, the club wishes to make its decision public to remove the unnecessary burden of speculation.

Manuel, who is fully supportive of the decision to make this communication, is entirely focused on achieving his targets for the season ahead and retains the respect and commitment of all involved with the leadership of the club.

– Manchester City Football Club
Manuel Pellegrini to leave Man City at end of season Credit: PA
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Liverpool priced out of move for £53m striker

Liverpool appear to have been priced out of a January move for forward Alex Teixeira after Shakhtar Donetsk's chief executive Sergei Palkin set the fee at £53million - for a summer transfer.

The Reds opened negotiations with the Ukrainians last week after chief executive Ian Ayre flew out to their winter training camp in Florida.

Teixeira had revealed his desire to play for Liverpool. Credit: PA

However, after a £24million offer was declined talks have continued but the two parties are so far apart in their valuation of the 26-year-old Brazilian it now seems unlikely there will be any deal done before the transfer window closes.

"Liverpool stopped after an offer of 32million euro (£24m) and a 4m euro (£3m) bonus," Palkin told Ukrainian television channel Football 1.

"We obviously refused to accept it. This is the last number that was announced. Our position is that we do not want to sell Teixeira today.

"We will sell him only at the end of the season. We need to have some good results in the Europa League and the Ukraine championship.

"At the end of the season we will sit down at the negotiating table. Teixeira has a compensation charge in his contract - the price is 70m euro (£53m).

"Please, if someone wants him - let them come and declare themselves."

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