Cancelo joined City in 2019 from Juventus, winning three consecutive Premier League titles from 2021 to 2023 after securing the Serie A crown with Juve in 2018-19.
He spent last season on loan at LaLiga side Barcelona after a half-year loan spell in the Bundesliga with Bayern Munich in the previous campaign.
Cancelo, 30, made his Portugal debut in a 5-0 friendly win over Gibraltar in August 2016, soon after they became European champions in France. He has represented his country more than 50 times.
