The presence of low-frequency fluctuations in the wake of bluff bodies have been observed in several investigations. Even though the flow past a circular cylinder at Re = 3900 (Re = U ref D/ν) has been the object of several experimental and numerical investigations, there is a large scattering in the average statistics in the near wake. In the present work, the flow dynamics of the near wake region behind a circular cylinder has been investigated by means of direct numerical simulations and statistics have been computed for more than 858 shedding cycles. The analysis of instantaneous velocity signals of several probes located in the vortex formation region, point out the existence of a low-frequency fluctuation at the non-dimensional frequency of f m = 0.0064. This large-scale almost periodic motion seems to be related with the modulation of the recirculation bubble which causes its shrinking and enlargement over the time.