The 31-year-old is the only player the Citizens have opened an early dialogue with over a possible extension.
Several members of Pep Guardiola’s squad are currently in the final year of their contract.
The City boss has already stated he would like Fernandinho to stay put at the Etihad Stadium.
The samba ace arrived from Shakhtar Donetsk for £30m back in 2014 and earns a reported £120,000 a week.
Sources have told SiaS, though, the player cannot expect to pick up similar wages at this stage in his career.
It’s understood Fernandinho is desperate to remain in Manchester and people close to the situation don’t envisage any type of real stand-off.
City have attempted to move away from huge basic salaries in the last couple of years, and their older stars must now be more realistic in their demands.
Watford defender Sebastian Prodl will face world class opposition from Russia, Brazil and Germany after being called up by Austria.
Huddersfield have lost out to Premier League rivals Brighton for the free transfer signing of Mainz's Nigerian defender Leon Balogun.
Jean Michael Seri will be allowed to leave Nice in the summer transfer window, president Jean-Pierre Rivere has confirmed.
Captain Marek Hamsik has admitted that he could leave Napoli this summer as he has been linked with a big-money move to China.