The escalation marks a dramatic jump from the roughly €50m Real Madrid had hoped would be enough.
The move had gathered pace after weeks of uncertainty, with club president Florentino Pérez, long opposed to signing the 30-year-old, changing his stance in recent days and giving the green light to pursue a deal, albeit strictly on Madrid's own financial terms.
Spanish outlets had reported figures of around €50m, with some suggesting Madrid's ceiling sat closer to €60m — a sum the club considers fair for a player in the final year of his contract, which expires in June 2027.
José Mourinho rates Rodri highly and is ready to hand him a prominent role in midfield, and talks progressed further this week when Madrid's hierarchy met with the midfielder's representatives; a first verbal offer of around €50m, plus possible bonuses, was put to City through the Cadena SER.
Madrid were said to be confident that the financial side would not become a sticking point given the good relationship between the two clubs.
That confidence has since been tested. AS reported on Friday that Real Madrid had temporarily shelved the Rodri deal in order to first finalise the signing of Yan Diomandé and trim the squad before committing further funds, though the club has stressed to the player that its interest remains firm.
Manchester City, though, are showing no willingness to discount the Ballon d'Or winner: at €75m, they would also need to identify a successor, with Lille's Ayyoub Bouaddi — valued at around €100m by the French club — seen as the leading option should Rodri's departure go through.
For Real Madrid, the message from Manchester is clear: any deal will need to clear a bar considerably higher than first anticipated.