Alves is understood to be close to agreeing a £100,000-a-week contract with Pep Guardiola’s side.
The Brazilian full-back signed a two-year deal, with an option to extend with Juve last summer after leaving Barcelona, but the 34-year-old has managed to terminate his deal in Turin.
According to Italian journalist Fabrizio Romano, claims Alves has “asked to resign his contract” and will soon be free to negotiate a move away from Serie A with Man City and Chelsea both keen on his services.
Alves’ agent had a meeting with Juventus on Monday and made the club aware of his client’s desire to leave after just 12 months in Turin.
“If you turn the word ‘computer’ backwards, it spells ‘Steve Jobs’. If you turn the word ‘football’ backwards, it spells ‘Pep’,” Alves wrote for the Players’ Tribune website ahead of the Champions league final last month. “He is a genius. I’ll say it again. A genius.”
Man City were reported to be preparing a £5million bid for Alves, but now the player will move on a free transfer after Juve and Alves came to an agreement on his remaining 12 months.
It is not clear whether Alves had to buyout his Juventus contract, but he will likely demand a big signing on fee from his new suitors, which will likely negate any fee he stumped up to Juve.