City made the announcement yesterday, minutes after current manager Manuel Pellegrini ended a news conference by saying he would be leaving the club at the end of the season.
City is already the richest club in English soccer, with the strongest squad of players and arguably the best academy in the country. Now, it adds one of the world's most decorated and admired coaches, who won 14 trophies in four seasons at Barcelona and has continued to bring in silverware at current club Bayern Munich.

Manchester City to pursue Guardiola, Messi next summer

"In recent weeks, (City) has commenced and finalized contractual negotiations with Pep Guardiola to become head coach for the 2016-17 EPL season onwards," City said in a statement.

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