“At the moment we have an agreement with Corinthians, but Carlos now is still a City player,” Mancini told Sky TV.
According to reports the deal will be closed when personal terms between the 27-year-old Tevez and his new club are agreed.
The Brazilian side had offered 40 million euros (US$63.57 million) for the striker but City had been holding out for more for their captain and Corinthians have reportedly made an improved offer.
The striker wants to leave Manchester as his daughters live in South America with their mother. The Argentina forward, formerly with West Ham, and Manchester United, led City to FA Cup glory and Champions League qualification last season.
Currently playing for his country in the Copa America, Tevez arrived in English football at West Ham from Corinthians in August 2006.
Selling Tevez to Corinthians would enable City to offload him to a club with whom they are not in direct competition, either domestically or in Europe, while also boosting the player’s family arrangements with his estranged partner living in Buenos Aires.
Tevez said Monday that “I would have no problem to go back to Corinthians,” where he won the 2005 league title and became a great crowd favourite.