The BBC's Ben Smith is reporting today that City have offered Liverpool £35.5 million for the want-away England international, with add-ons likely taking the offer to £40 million. However, it seems likely that Liverpool will still turn down the offer, as they hold out for something closer to their £50 million valuation on Sterling.
Smith also reports that this is City's final offer:
It has been suggested to me that £35.5m represents City's last bid. Would already make Sterling world's most expensive teenager— Ben Smith (@BenSmithBBC) June 17, 2015
There is of course the 'teenager' typo, as Sterling is now 20 years old, but the main talking point is whether or not City would make another bid.
To echo what Danny wrote last week, I still get the feeling that the two sides will eventually agree on a price, but it may require some more tough sledding. There is also the twist that if Liverpool are serious in their pursuit of Christian Benteke, any Sterling deal would free up the funds to make that possible.
More updates on this saga soon.