Last Updated: Fri, 28 Jun 2013 08:21
Manchester City have rekindled their interest in centre-back Pepe despite being turned away by Real Madrid already this summer.
City's interest in Pepe, 30, stems back to the start of the summer and Etihad officials are still looking to take advantage of the Portuguese defender's uneasy situation in Madrid.
The emergence of Raphael Varane saw Pepe lose his place in the Real first team, and led to a couple of media outbursts that annoyed the Bernabeu club.
Real president Florentino Perez has insisted on the player staying, but a £20m bid would be enough to change his stance, according to sources in the Spanish capital.
Pepe's contract expires in 2016 and his salary is around £3million a year at Madrid, an amount that would pose no problem for City.
City are looking for an experienced centre back to add competition for Matija Nastasic and Vincent Kompany with Joleon Lescott waiting to see if he has a future under new boss Manuel Pellegrini.
Stoke City are understood to be awaiting developments with one eye on making a move for the out-of-favour England defender who is keen to bolster his World Cup hopes.
Stoke boss Mark Hughes signed Lescott for City in 2009 and both men share the same agent - Kia Joorabchian.
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