Last Updated: Mon, 10 Feb 2014 11:53
Manchester City will have to pay a hefty fee for Porto midfielder Fernando, after he signed a new contract until 2017 over the weekend.
City attempted to sign the Brazilian-born midfielder in the January transfer window but were unable to pull off a deal.
The 26-year-old recently acquired a Portuguese passport which made his exit seem highly likely at the end of the season, when his contract was set to expire.
However, Porto have now ensured that he won't leave for free in the summer by persuading him to sign a new three-and-a-half-year deal.
City retain a strong interest in Fernando's Porto team-mate Eliaquim Mangala and look set to clinch his signature for a fee in excess of £20million this summer.
The club also sent a scout to the Lisbon derby on Sunday night to watch Sporting midfielder William Carvalho, but the match was called off because of high winds.
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