According to Spanish sources, the Portuguese international is interested in a move away from the Bernabeu to protect is first-team opportunities. The 31-year-old is most certainly a regular in Carlo Ancelotti's team, however the emergence of Raphael Varane could leave Pepe warming the bench in the future. City approached the Champions League holders for Pepe last season, but an injury to Varane left Madrid with no option but to rebuff the offer.