The 20-year-old has only one year left on his agreement at Mestalla having dismissed any new proposals to remain.
Ferran consented to join City on Wednesday in a gathering between the Premier League club and the player's operator.
The city will presently need to concede to an expense with Valencia, who is hoping to capitalize on the youth due to his agreement circumstance.
Ferran has a discharge proviso of 100 million euros, however the conditions encompassing his agreement imply that any exchange charge for him would be essentially less.
Torres has fascinated in a fantastic battle at Los Che however his agreement lapses in the late spring of 2021 and his future is currently supposed to be in question, with numerous clubs keen to sign him.
Prior this week a report in Marca, guaranteed both City and their Manchester rivals United are in the running for the player while Real Madrid and Borussia Dortmund additionally hold an enthusiasm alongside three Italian clubs – Napoli, Milan and Juventus.
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