Kyle Walker is closing in on a move to Manchester City. (Getty Images)

Manchester City are on the brink of completing a deal for Kyle Walker after agreeing to match Tottenham’s £50 million valuation, according to reports.

The Daily Telegraph report that the deal will be finalised on Friday after City had initially refused to go beyond a £40m bid.

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When the transfer goes through, Walker will become the world’s joint most-expensive defender of all time as it equals the £50m that Paris Saint-Germain paid to Chelsea for David Luiz in 2014.

City have quickly moved to conclude a deal for the England international after missing out on Dani Alves.

City have agreed to pay £50m for Walker. (Getty Images)

The Brazilian was expected to join Pep Guardiola’s side but has ended up joining Paris Saint-Germain.

‘Yes, we have spoken. Well, actually, it was me who did most of the talking. I explained the reasons behind my decision to him,’ Alves told L’Equipe.

‘After everything we have done together, we have a very cordial relationship, respectful. It is this respect that may mean these things can be understood. Right now, I do not know if he understands my choice.

Dani Alves rejected City in favour of a move to PSG. (AFP/Getty Images)
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‘I had other options – here but also in England. Ultimately, it was me who took the decision.’

City remain in the market for new defenders and remain in talks with Monaco for their left-back Benjamin Mendy.

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