The reigning Premier League champions are believed to be close to signing the Ivorian, which leaves little room for the Spaniard.
The Ivorian has proven himself as a reliable and ruthless goalscorer and his addition to the champions’ ranks will add pace, power and a clinical edge.
However, with the African’s move looking likely to be completed in January, where does this leave Alvaro Negredo?
The Spain international is currently on loan at Valencia after being deemed as the fourth choice of four strikers in City’s squad behind Sergio Aguero, Edin Dzeko and Stevan Jovetic.
When the former Sevilla marksman was allowed to leave the Etihad Stadium in September, Pellegrini stated that Financial Fair Play stipulations and squad size were factors in the decision rather than Negredo’s abilities.
The 29-year-old had an excellent spell in the City first team for a time last season, linking up masterfully with Aguero and looked like a top-quality addition to the club’s squad.
He was eventually ousted from the starting XI due to extreme competition for places and the form of Dzeko, but surely some City fans will feel that Negredo was unlucky not to be given more of a chance at the club.
Bony’s arrival can only mean a permanent move back to Spain for Negredo after only one full season of English football.
However, despite his short stay at the club and modest return of nine Premier League goals during his time in England, the Spaniard can leave with his head held high as he played his part in City winning the league last season.