Manchester City are considering a swoop for Bayern Munich left-back Alphonso Davies, according to reports.
It has been a quiet transfer window at the Etihad Stadium, with 18-year-old Argentine Claudio Echeverri the only addition they have made so far.
The Premier League champions unlikely to make another signing before the deadline of 11pm on Thursday.
However, City are already looking to the summer when they are expected to bolster their squad in several areas.
A new left-back appears to be a priority for Guardiola, with Davies emerging as a top target.
The report implies that City's financial power gives them an advantage. The English side are supposedly willing to pay up to £68.3m for Davies, whereas Madrid would prefer to spend a maximum of £42.7m.
Davies is under contract at the Allianz Arena until 2025 and Bayern may be willing to cash in on the left-back this summer unless he signs a new deal.
The 23-year-old, who is valued at £59.7m by Transfermarkt, may be keen on a new challenge after five seasons in the Bayern first team.
Davies has established himself as one of the best full-backs in the world since joining Bayern from Vancouver Whitecaps.
He has won five Bundesliga titles and a Champions League during his time in Munich so far.
City have fielded numerous players at left-back this season, including Nathan Ake, Josko Gvardiol and Manuel Akanji.
Davies has reportedly been on Guardiola's radar for several seasons and the City boss will hope to bring him to the Etihad this summer.
The champions beat Burnley 3-1 on Wednesday to remain within five points of top spot in the Premier League.
More Premier League stories
FFT's Mark White has called for the Premier League to reform its Profit and Sustainability rules.
The Premier League's biggest transfer flop of the 2023/24 season has been revealed.
Quiz! Can you name every former Premier League player now playing in the Saudi Pro League?
Thank you for reading 5 articles this month* Join now for unlimited access
Enjoy your first month for just £1 / $1 / €1
*Read 5 free articles per month without a subscription
Join now for unlimited access
Try first month for just £1 / $1 / €1