Argentinian striker will depart as club's all-time leading goalscorer after ten years in Manchester
Sergio Aguero will leave Manchester City at the end of this season, the club announced on Monday evening.
Aguero's contract expires in the summer and the striker hasn't been offered a new deal, with manager Pep Guardiola unable to give him any guarantees about playing time next season.
The Argentinian joined City from Atletico Madrid for £38m in 2011, and went on to become the club's all-time leading goalscorer, netting an incredible 257 goals in 384 appearances.
Chairman Khaldoon Al Mubarak said: “Sergio’s contribution to Manchester City over the last 10 years cannot be overstated. His legend will be indelibly etched into the memories of everyone who loves the Club and maybe even in those who simply love football.
“This is not yet the moment for farewell words and speeches. There is still much to achieve in the remainder of the time we have with Sergio, and we look forward to his contributions to the challenges which lay ahead.
“In the meantime, it gives me great pleasure to announce that we will be commissioning an artist to create a statue of Sergio to live at the Etihad Stadium alongside the ones under construction for Vincent and David. And we look forward to the opportunity to bid Sergio a fitting farewell at the end of the season.”
In a statement, Aguero said: "When a cycle comes to an end, many sensations arise.
"A huge sense of satisfaction and pride remains in me for having played with Manchester City for a whole ten seasons - unusual for a professional player this day and age.
"Ten seasons with major achievements, throughout which I was able to become the top historic goalscorer and forging an indestructible bond with all those who love this club - people who will always be in my heart.
"I was to join during the reconstruction era of 2011, and with the guidance of the owners and the contributions of many players, we earned a place among the greatest of the world.
"The task to maintain this well-deserved privileged position will remain on others.
"As for myself, I will continue to give it my utmost for the rest of the season to win more titles and bring more joy to the fans. Then, a new stage with new challenges will begin, and I am fully ready to face them with the same passion and professionalism that I have always dedicated to continue competing at the highest level."