MANCHESTER, ENGLAND - JULY 26: David Silva of Manchester City applauds as he is substituted during the Premier League match between Manchester City and Norwich City at Etihad Stadium on July 26, 2020 in Manchester, England.Football Stadiums around Europe remain empty due to the Coronavirus Pandemic as Government social distancing laws prohibit fans inside venues resulting in all fixtures being played behind closed doors. (Photo by Dave Thompson/Pool via Getty Images)

Manchester City have planned to create a statue honouring David Silva and his decorated career at the club as he plans a return to Spain.

Silva has joined Real Sociedad on a two-year contract, with the 34-year-old playmaker heavily-linked to switch to Lazio.

The Serie A side reportedly offered the Spaniard a luxury home, private plane rides and £50,000-a-week ($A90,000) to tempt him to Italy.

But Sociedad surprised everyone by announcing the City legend was signing with them late on Monday night.

The transfer announcement comes hours after City announced plans to build a statue of Silva at the Etihad Stadium.

10 years on from his debut, Silva leaves after 436 appearances and 13 trophies with City.

“David is a transformational player, a quiet leader who has inspired everyone around him.” City chairman Khaldoon Al Mubarak said.

“David’s statue will act as a lasting reminder of the wonderful moments that he gave us.”

The statue will be unveiled next year, along with another tribute dedicated to ex-City captain Vincent Kompany, who left the club last year.