Manchester City could be on the verge of losing their key playmaker Bernardo Silva as Saudi Pro League powerhouse Al Hilal sets its sights on the midfielder with an astonishing £500,000-a-week wage packet, ESPN sources revealed. The dazzling proposal from the Saudi side triples Silva's current earnings at the Etihad Stadium, where he brings in a handsome £150,000-a-week.

The Portuguese international, who has played a crucial role in City's success over the past six seasons, is reportedly considering the deal, despite having a preference to remain in Europe, insiders told ESPN. Al Hilal's bold move to recruit Silva would see him join forces with Ruben Neves and Kalidou Koulibaly, who are already part of the club's elite roster.

While Silva still has two seasons remaining on his contract with City, the Premier League giants are unlikely to obstruct his move should they receive a substantial offer. ESPN sources revealed that City would also consider a contract extension for Silva, albeit at a significantly lower wage rate than that proposed by the Saudi outfit.

Further adding intrigue to the transfer speculation, insiders disclosed that both Paris Saint-Germain and Barcelona have also shown interest in Silva. However, neither club has made any official bid to solidify their intent.

In related news, the free-agent and former Manchester United forward, Jesse Lingard, is also being eyed by Saudi Pro League clubs. Following his stint at Nottingham Forest last season, the 30-year-old is currently preparing for his next move in Manchester.

In the backdrop of Silva's potential departure, Manchester City might plunge into the transfer market for a suitable replacement. According to Football Insider, there's growing concern within City's ranks about retaining Silva, with the player being tempted by the staggering offer from Saudi Arabia.

Additionally, City's young talents like Cole Palmer and James McAtee could see more action in the first team, even though Palmer, in particular, might spend the next season on loan to another Premier League club.

This move represents a new chapter for both Silva, who's had an illustrious run with City including a Champions League, Premier League and FA Cup victory, and for Al Hilal, who are stepping up their game in attracting top-tier talent from Europe. However, for this deal to materialize, Manchester City will likely demand a transfer fee in the range of £45-50 million. The potential departure of a player of Silva's caliber represents the intense financial competition currently brewing in the football world.