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It is understood that the City will reach an agreement for Torres, replacing Leroy Sane, in his first summer moving activity.
Earlier this month, Sane ended his four-year stay in Manchester to sign for Bundesliga champions Bayern Munich worth up to 55 million pounds.
Torres is believed to be costing around 40 million pounds, with City planning a series of new additions at the end of the season after dropping the Premier League name to Liverpool.
The 20-year-old has 4 goals and five assists, while LaLiga can finish this season.
City is also at least a new centre-back amid links to Bournemouth Ace Nathan Ake, whose club was relegated to the league on Sunday.
John Stones and Nicolas Otamendi can be moved as Pep Guardiola searches for his defensive options.
The city’s football director, Txiki Begiristain, admits that it will be a “strange” window due to the club’s participation in the Champions League.
City leads Real Madrid 2–1 before the return of the last 16 games at Etihad on 7 August.
Begiristain told the club’s official website: “We paint a lot, we have to be prepared.
“It will be a strange window because other people have to act fast, we have to bring players who can help our team, but it also means that maybe someone can leave.
“It’s also because we have the Champions League, so we have to wait to move on until the Champions League ends.”
“We’d probably have less time than ever before, but we’ll have time to make the adjustments we want on the team.”
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