Although the details of the deal have been kept secret, sources told ESPN FC that they have agreed a 10-year deal worth around £65m a year.
That is a significant hike on the current £20m deal with Nike that finishes at the end of the season.
The agreement covers City along with A-League side Melbourne City, La Liga club Girona, Atletico Torque in Uruguay and the newly bought Chinese team Sichuan Jiuniu.
New York City, who are also part of the City Football Group, are bound by the MLS-wide sponsorship with Adidas.
CFG CEO Ferran Soriano believes the deal shows that City are now competing with the biggest clubs in Europe for sponsorship deals.
“It is a historic day for us, what we are doing has never been done before,” he said. “It is an unprecedented partnership. We needed a partner that can go fast with us.
“This is who we are now, this is the product we can offer.”
City players Sergio Aguero, Vincent Kompany and David Silva already have individual deals with Puma and the sports manufacturer will explore the possibility of adding more from the first-team squad.
But City will become the biggest club in their portfolio and Puma CEO Bjorn Gulden says that Pep Guardiola’s style of play had an impact on their decision to go with the English side.
“There’s no doubt from a global point of view that the Premier League has the biggest international impact so if you have the best club they will be the most important club,” he said.
Source: ESPN
