City's top two executives Ferran Soriano and Txiki Begiristain are said to have held initial talks with Neymar's family and his representatives in a box at Wembley on the night of England's friendly against Brazil on February 6, the Daily Mail reports.
Chief executive Soriano and director of football Begiristain were guests of the FA in the VIP Wembley suite for the 150th anniversary match, the paper reported.
However, the pair went to the trouble of visiting the IMG hospitality box, located on the other side of the stadium, in order to make contact with the Neymar camp, and was spotted during their half-circuit of the corporate areas, the paper said.
Sports management giants IMG are understood to have been entertaining Neymar's father Neymar da Silva and the 55 million-rated player's marketing team from IMX Talent.
The company is a joint venture with IMG to exploit sports business opportunities in Brazil.
They took control of Neymar's off-field image rights and career guidance last July. The Brazilian striker is under contract at Brazilian side Santos until the 2014 World Cup, which takes place in Brazil.
The 21-year-old striker is expected to make his inevitable big-money move to Europe that summer, after a tournament, which could dramatically increase his value, the paper added. (ANI )