Barcelona will not sign Manchester City defender Joao Cancelo, whose market value is €70 million, in the summer transfer window.

According to a report by Javi Miguel of AS, Joao Cancelo is not a viable target for Barcelona due to the finances involved. The Blaugrana cannot afford to pay €70 million to secure the services of the Manchester City defender. And they will focus on signing a cost-effective alternative in the summer transfer window.

Joao Cancelo is reaching a crossroads in his career heading into the summer transfer window. The 28-year-old has represented three behemoths of European football in the last half a decade. But he does not have a long-term future at Manchester City after joining Bayern Munich on loan in January.

The Bundesliga champions have enjoyed his services in the last few weeks. And the Portuguese international has a solid tally of one goal and four assists in eight appearances thus far. But Bayern Munich will unlikely shell out €70 million to complete a permanent move in the summer. And Cancelo’s uncertain future has captured the attention of Barcelona.

Joan Laporta has revealed that Barcelona will enter the market for a right-back in the summer transfer window. But the Blaugrana will unlikely cough up hefty sums amid the concerns over balancing the books. That is because Barcelona cannot sign players unless they raise nearly €200 million.

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In the meantime, several players have popped up on Barcelona’s radar. And Cancelo is one of the right-back targets for them. But the player has a market value of €70 million. And Manchester City will likely demand the sum from prospective suitors, considering the purchase option in the loan deal with Bayern Munich is worth €70 million.

Amid the never-ending financial distress, Barcelona will not have the funds to sign Cancelo. So it is hardly surprising that they have ruled out a summer move for the Manchester City defender. The latest update comes in the wake of suggestions that the Blaugrana had intensified interest in him. And other cost-effective alternatives will likely emerge as top targets for Barcelona.

Thomas Meunier is one of the candidates, with Barcelona recently submitting an enquiry for him. As for Cancelo, it will be interesting to see what the future has in store for him. But the Manchester City defender remains in a state of flux after the latest reports.

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