After passing a medical and signing a five-year contract, the 25-year-old will be formally declared as a City player within the next 24 hours.
Jack Grealish is set to have surgery in Manchester.
On Thursday, he had a physical with City ahead of his anticipated £100 million deal from Aston Villa.
City made their bid on Friday, and it is anticipated that Villa will allow Grealish to join the Premier League champions.
The transfer would be the most expensive in English football history, surpassing Paul Pogba's previous record.
Grealish's ingenuity, according to manager Pep Guardiola, can provide an extra attacking dimension to what is already one of the most potent attacking units in the English game.
Last season, City scored 83 goals in the Premier League, ten more than second-placed Manchester United, but Guardiola clearly believes they are capable of more.
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