Pep Guardiola spent upwards of £110 million on some of Europe’s brightest stars last summer but missed out on Lucas and Theo Hernandez, claims the Colchoneros’ chief executive

Manchester City missed out on Atletico Madrid brothers Lucas and Theo Hernandez last summer, according to the Spanish club’s chief executive Miguel Gil Marin.

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Pep Guardiola arrived at the Etihad Stadium in July and embarked on a summer of heavy spending, with in excess of £110 million going on youngsters John Stones, Leroy Sane and Gabriel Jesus alone.

In total City brought in eight new signings, but Marin says Guardiola was looking to hit double figures after claiming the Catalan coach held discussions with two of Atletico’s brightest stars.

Marin, though, says City’s willingness to pay the full buy-out clause for the brothers prompted Atletico to improve their contracts and increase the release triggers.

“[City] were prepared to pay the buyout clause in both cases,” he told Onda Cero . “City would have been able to pay it perfectly and the players could have easily gone.

“Atletico did what it had to do to for them to stay, which was to improve their contracts and to increase their buyout clauses.

“The players, their mother, their agent and the club all agreed that the best action for them and for their development was to stay. They are going to grow in their club which is this one.”

Lucas, a centre-back, has made six La Liga appearances for Atletico this season, while Theo, a left-back, was immediately loaned out to Alaves upon penning fresh terms.