Manchester City chief executive Ferran Soriano has told sources that incoming City manager Pep Guardiola will have £150million to spend on three world class players this summer, according to the Mirror.

Names touted to be joining the Guardiola revolution at City include Luis Suarez, Everton’s John Stones and Paul Pogba. Soriano outlined the club’s expectations to a small number of sources in London recently. The ex-Barcelona boss will be expected to make huge strides in every competition with the Manchester club, with Europe being the main priority for the City hierarchy.

He revealed that Guardiola would have a healthy transfer kitty of around £150 million pounds, but that it would only be going on three world class targets, rather than lots of mediocre names, which Spurs found out to their detriment after having sold Gareth Bale to Real Madrid in 2013.

Paul Gilham/Getty Images Sport

A source close to Soriano said: “Ferran talked about the team reflecting what he intends to be the status of the club – as one of a a handful that remain within a world elite.”

He went on to say that “his (Guardiola’s) objective will be to move the team forward in terms of playing style – a style they can eventually bring success along the model of Barcelona”

City have already been heavily linked with Juventus midfielder Paul Pogba who is said to want to work under Guardiola’s tenure and is seeking a new challenge. Other targets include Englishman John Stones, who is said to have the correct skill-set that Guardiola is looking for in his defenders.