The Welsh ace, 29, should be reunited with his old Wales and Blackburn Rovers manager over the weekend as West Ham prepare to accept the new offer.
City’s bid includes cash up front plus extra money in bonuses and the Hammers seem sure to sell him and then keep hold of as many of their other players as possible.
Hughes has been backed to buy Bellamy by his club’s money men, but they have yet to increase their offers for team-mates Scott Parker and Matthew Upson, while moves for Kolo Toure and Roque Santa Cruz are uncertain.
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Bellamy’s way to Manchester was cleared as City finally made a bid for him alone – and put in a valuation better than Harry Redknapp’s Spurs, who were still in the hunt despite signing Jermain Defoe.
Hammers will let the striker know their decision today but it looks likely that he is going to team up with Hughes again – and gives the club’s coffers a badly-needed boost.
However West Ham’s strategy is to keep Parker and Upson and sell just one of their so-called superstars, making the books balance by letting other fringe men go.