With Manchester United overhauling Manchester City to regain the Premier League title, comprehensive plans have already been drawn up by Txiki Begiristain, the director of football at the Etihad Stadium, to rebuild the clubs first-team squad.
With Begiristain and chief executive Ferran Soriano overseeing a root-and-branch review of all departments of the club, the position of manager Roberto Mancini is also set to be discussed before a decision is made on his future beyond the end of the campaign.
Reals interest in Agüero and PSGs apparent position of strength in the race to sign Cavani threaten to throw Citys summer plans into disarray, however.
Both Mancini and Begiristain have identified Uruguay forward Cavani as a prime target this summer, with City prepared to pursue the 26-year-old, despite Napoli inserting a 65 million (£55 million) release clause in his contract at Stadio San Paolo.
While Real Madrids interest in Agüero is long-standing and no surprise to senior figures at the Etihad, the Argentine forwards complicated domestic situation has placed doubt over Citys ability to keep the 24-year-old.