The big-spenders were set to pay the £ 128 million buy-out clause in the international goalie contract, and offered him £ 11 million per season.
The 27-year-old, however, turned the enticing offer down.
Last summer, the Premier League club captured Brazilian forward Robinho from the Spanish giants for a fee of £ 32.5 million.
City, who were taken over by Abu Dhabi United Group months ago, are tipped to run the rule over a multitude of high-profile players in the January transfer window.
After the acquisition, the Emirate corporation has pledged to turn team into real title contenders.
Confession
The Premiership side were once close to signing Brazilian ace Ronaldinho when he became a surplus at Barcelona, but eventually he preferred to join AC Milan.
All the same, the 28-year-old player Conceded that he was tempted by City's overtures.
"My brother spoke to Manchester City many times," he told Four Four Two magazine.
"Their project is the kind that would interest any player - they could soon be among the best sides in England.
"But Silvio Berlusconi [Milan owner] had been saying for years that he would like to sign me and I felt in the end that it was the right time to say yes."
The skillful playmaker believes that Mark Hughes' side are indeed a dream destination for many footballers.
"Lots of brilliant players are heading in their direction and yes, my brother looked properly at their offer," he added.
نرشح لكم
للمرة الأولى.. النني على رأس قائمة ليفادياكوس لمواجهة إيراكليس سالونيك
مباشر الدوري الإسباني - ريال مدريد (0)-(0) فياريال.. مبابي يهدر فرصة هدف محقق
بمشاركة مرموش.. توتنام يفلت من الهزيمة أمام مانشستر يونايتد في الوقت القاتل
بمشاركة حمزة عبد الكريم.. برشلونة يفوز على خيتافي ويصل للانتصار الثامن
تشكيل ريال مدريد - مبابي يقود الهجوم أمام فياريال.. وفينيسيوس على مقاعد البدلاء
سيميوني: هدف روميرو منحنا انتصارا وزنه من ذهب
رأسية روميرو تقود أتلتيكو مدريد للفوز على ألافيس
صلاح يحقق رقما قياسيا بصناعة هدف في سامسون










خبر في الجول – استبعاد كوكا من قائمة الأهلي لمباراة الزمالك
"فيفا" يصدر حكما بإيقاف قيد الاتحاد السكندري بسبب مستحقات أكيم