Savinho has become a key target for Tottenham manager Roberto De Zerbi, with City aware of the growing interest and the Brazilian himself understood to be keen on leaving this window as talks over a move to London gather pace.
Reports have put a potential fee in the region of £60-65m, some way below the valuation City attached to the 22-year-old when he signed a contract extension to 2031 as recently as October. Savinho joined City from sister club Troyes for £30.8m in July 2024, having impressed on loan at Girona the previous season, and was a regular under Pep Guardiola in his first campaign at the Etihad, scoring three times in 48 appearances across all competitions.
His game time was more restricted last term amid competition from Rayan Cherki, who arrived from Lyon, and Antoine Semenyo, signed from Bournemouth in January, with Manchester City reportedly already exploring potential replacements including Paris Saint-Germain teenager Ibrahim Mbaye should a sale go through.
Phillips, meanwhile, is finalising a new season-long loan to Sheffield United after being omitted from City's touring squad for Asia, with Chris Wilder keen to bring the 30-year-old back to Bramall Lane despite a difficult spell there last season.
The midfielder made just three appearances during his loan at Sheffield United and was sent off in his final outing, a Steel City derby win over Sheffield Wednesday. He has endured a torrid time since his £42m move from Leeds United in 2022, a switch that briefly yielded a Treble-winning debut campaign before his opportunities dried up; a lack of regular football in the years since has left him short of match sharpness whenever chances have arisen.
The 31-cap former England international, who reached the Euro 2020 final, has also had loan spells at West Ham and Ipswich since arriving at the Etihad, and including those temporary switches has made 46 league appearances since his move from Elland Road almost four years ago, with two years still to run on his City contract.