The Bosnia international has been a target for a number of leading clubs around Europe after his goalscoring exploits for the Bundesliga side.
A transfer fee in the region of £27million has been mentioned for the 24-year-old's services, adding to the Eastlands outfit's already staggering expenditure as they target silverware at home and abroad.
Mancini would not be drawn on the sum City are prepared to splash out on Dzeko and does not want his squad to become distracted as they prepare for Wednesday's crucial Premier League clash with Arsenal at Emirates Stadium.
The Italian tactician did reveal that the transfer was on the cards but does not want to discuss the proposed new signing further until the forward's signature has been secured.
Mancini told a press conference shown on Sky Sports News HD: "I can say that we have agreed with Wolfsburg.
"I think that Dzeko is a good player. All the teams in Europe want him and everyone says he is a good player.
"We must wait. When Dzeko is a City player we will talk about him."
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