Fernandinho is 32 so for me I think Fred is the natural replacement.
That kid Foden will be playing sooner rather than later.. He is a fantastic talent and one Pep has raved about already.
Unless Guardiola pull another "Messi false 9", Fred is not a DM. He is a B2B, number 8, a good passer with good vitality. He used to play for Internacional as the most offensive midfielder in 4-3-3. He is a Silva/KDB backup, not Fernandinho's backup.I know he plays alongside Stepanenko in a midfield two and Stepanenko is the more defensive of the two. If Fred is one for the deepest role or one of the #8's (or able to cover both), we'll see, if City get him. Fernandinho gets a new deal yes, doesn't mean he remains a guaranteed starter if a better competition for his place arrives instead of Yaya and does well. Like I said, I believe we'll have a proper chance of attracting Jorginho if we want him (putting my opinion and emotion aside, he's an interesting target for sure, but I'm a bit careful with this one), but I wouldn't yet call us something like clear favourites to get him solely relying on 'game time'. There will be multiple things to consider, like always.
Actually, it would make a lot of sense for Guardiola to have Jorginho. Fernandinho is getting old and there's no substitute on his level in the squad. Jesus Christ, I'm worried now lol.