The player is expected to be bid on by the club.
If City's valuation is met, they would be willing to do business on the island. The 25-year-old can play a number of positions.
A left-sided defender is a priority for the club, and they were trying to sign Lisandro.
Sky Sports News reported in June that City wanted to sign a left-back and were interested in Cucurella.
Manchester United are in the final stages of concluding an agreement with Amsterdam for Lisandro Martinez, while the pursuit of the Argentina international has been abandoned by the north London club.
A deal in the region of £45m is being worked on by the 24 year old.
If all goes well, he should join the squad on their tour of Australia.
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Gabriel Jesus scored 90 seconds into his first appearance for the club as his double helped them to a win over FC Nurnberg.
The Brazil forward came on at half-time in Germany and immediately made an impact, scoring high in the net.
Mohammed Elneny hit a wonder-strike to equalise for Mikel Arteta's side, before two Nurnburg own goals gave the Gunners a 4-2 advantage.