Arsene Wenger spoke about the possibility of Kolo Toure leaving in an exclusive interview to Arsenal TV Online and suggested something might happen in the next 24 hours:

“We’ll see what’s happening in the next 24 hours … we have many centre-backs, seven centre-backs and I’m in a position where we have to play some in midfield… but of course Kolo is a very good player – we’ll see what happens in the next 24 hours.”

So one can say negotiations are taking place and with the money that Man City have, it’s hard to see Kolo staying now. But still lets hope he doesn’t turn out to be as greedy as Adebayor.