Manchester City chief executive Ferran Soriano states that his club will never change their transfer policy.

The executive was discussing the circumstances around City's terminated interest in West Ham United midfielder Declan Rice.

City did put in a bid to West Ham for Rice, but saw it rejected, and have now left Arsenal to chase the midfielder on their own.

Per The Mirror, Soriano said: "If you look at what we did at the start of this project, there was a need for a lot of changes and investment - but not anymore.

“If you look at what we have done in the last five years, our level of investment in new players is well thought out.

"We are not the top net-spenders of last year or the last three or five years. We have a platform where we know what to do and we can do it with time and intelligence. When we don't like a deal, we walk away and we don't panic."