Manchester City boss Pep Guardiola is keen to buy a defensively-minded player to bolster the Premier League champions’ squad.
Rodri, 22, who joined Atletico from Villarreal on May 2018, has remained one of their top targets.
If a transfer deal clicks, it would break the club-record £60m City paid Leicester for Riyad Mahrez a year ago.
No deal has been done yet, with Bayern Munich reportedly also showing interest.
Reports have it that Manchester City is thinking about resigning Spanish left-back Angelino from PSV Eindhoven.
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