Pep Guardiola had been interested in launching a bid for the England international, but the Premier League champions have been put off by Leicester’s £90m valuation.
That would smash City’s transfer record – currently £60m, paid to the Foxes for Riyad Mahrez last summer – and Guardiola is now set to turn his attention elsewhere.
Manchester United have also shown an interest in Maguire, who joined Leicester from Hull for an initial £12m in 2017.
And City’s withdrawal from the race could boost United’s chances of landing the 26-year-old.
The Red Devils may also balk at the £90m asking price, but Ole Gunnar Solskjaer is determined to bolster his defensive options ahead of next term.
READ MORE
8 Copa America players looking to put themselves in the shop window for a Premier League move
