Transfer Watch: Negredo signs for Man City
Spain international striker Negredo, who scored 25 Primera Division goals last season, is set to join the Premier League runners-up for a reported €23m fee.
Sevilla said in a statement: "It's official: Alvaro Negredo is the new player of Manchester City, pending medical examinations, so Sevilla FC have organised a farewell ceremony.
Atletico Madrid president Enrique Cerezo has described reports linking his club with a move for Arsenal midfielder Santi Cazorla as "invented".
Liverpool winger Stewart Downing has declared he is staying with the club.
The 28-year-old has been linked with a move to West Ham this summer, but their manager Sam Allardyce played down talk that such a transfer might happen.