The 20-year-old Argentine star, nicknamed Kun, is on his way to being one of the most highly-regarded players in world football.

Having become the youngest player in Argentine football history - breaking the record of Diego Maradona, he joined Atletico Madrid from Independiente in 2006 for a fee in excess of £15million.

Now fully settled in the Spanish capitial, Aguero is shining and many are putting him on par with the likes of Cristiano Ronaldo, Kaka and Lionel Messi.

City - who are now under the ownership of Sheikh Mansour Bin Zayed Al Nahyan's Abu Dhabi United Group - now have the financial power to rival anyone in world football and they want to the world's best players.

They showed their willingness to spend when they broke the British transfer record to pay Real Madrid over £30million for Robinho and they are ready to continue spending big.

After confirming their interest in the likes of Ronaldo, Fernando Torres and Cesc Fabregas - they have also seemingly added Aguero to their list of potential targets.

Two City scouts were present in Getafe on Wednesday to watch Atletico in action as they won 2-1.

Now City are said to be ready to pay Aguero's get-out clause in order to land him. The Argentine's current deal has four years left and the buy-out is £47million.

However, Atletico sources have confirmed that there has been no contact between the two clubs.

"There is no news on this subject, neither City or any other club have contacted us about Kun and Atletico is not interested in seeing the exit of this player," the sources told skysports.

The player himself has always stated his desire is to remain with Atletico.

"My head is with Atletico and I am happy here," he said earlier this month.

Should City launch a bid for Aguero, then they are unlikely to be the only suitors, with Inter Milan also known to be keeping close tabs on him.