City should buy him with minimal cost in January..
now we have to pay his release clause during the summer..
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Manchester City target Fernando Reges signs contract extension with Porto?
Austria Wien's defender Fabian Koch vies with Porto's Brazilian midfielder Fernando Reges during the UEFA Champions League group G football match on November 26, 2013
© Getty Images
By Giuseppe Labellarte, Reporter
Filed: Saturday, February 8, 2014 at 13:01 UK
Last Updated: Saturday, February 8, 2014 at 13:54 UK
Manchester City target Fernando Reges has signed a contract to keep him at Porto until 2017, according to reports.
Portuguese newspaper O Jogo has claimed that the City target recently signed a three-year extension to his current deal, and will remain at the club unless his release clause of €30m (£25m) is met.
The club allegedly tried to sign the player in the January transfer window, but they were ultimately unwilling to pay the fee demanded by Porto.
The 26-year-old defensive midfielder has played 131 games for the Portuguese champions, scoring twice.