The Champions are reportedly keen to offload Rodwell and try to recoup some of the £12m they paid Everton for his services. The 23-year-old has made just seven starts for the Sky Blues, and has been strongly linked with a move to West Brom also.
Rodwell is clearly not part of City boss Manuel Pellegrini's plans and Fernando's signing will only push him further down the pecking order. Roberto Martiniez tried to sign him on loan in January, and remains interested in the England international, despite his injury problems.
The Spaniard is said to believe he could have a similar impact to Gareth Barry, who has yet to agree a permanent move to Goodison Park following his loan spell last year.
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