Last Updated: Fri, 25 Jan 2013 09:53
Manchester City's hopes of signing Isco look set to be dashed as he is poised to sign a new contract with Spanish side Malaga.
The Premier League champions have been heavily linked with a swoop for the 20-year-old midfielder, who it was thought has a £17million release clause inserted in his current deal.
However director of football Mario Husillos has revealed that Isco will resist any offers from City and other reported interested parties such as Italian giants Juventus, by signing a new deal to stay with Malaga.
It is thought the deal will tie the player to the Primera Liga outfit until June 2018, with a buyout clause of £30million.
"Isco's contract renewal is in its advanced stages and should be signed shortly," Husillos told Marca.
"We will be here presenting Isco very soon. We will be here shortly to announce the renewal of his contract. It's not renewed as yet, but I think it will be very shortly. We understand it is virtually a done deal.
"There are no sure things in football. Everything can change in an instant. The club's intention and what Isco has stated is that he is going to stay here; he's going to renew his contract."
"Isco has really taken off. He's a great player and they want him at a number of clubs," Husillos added.
"He's a Spanish international. We intend to keep him at Málaga for as long as possible.
"Everyone wants to improve and if he continues growing like this, he'll have to go to a legendary European club. That's understandable."
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