Using Wilsonian methods, we study the renormalization group flow of the Nonlinear Sigma Model in any dimension $d$, restricting our attention to terms with two derivatives. At one loop we always find a Ricci flow. When symmetries completely fix the internal metric, we compute the beta function of the single remaining coupling, without any further approximation. For $d>2$ and positive curvature, there is a nontrivial fixed point, which could be used to define an ultraviolet limit, in spite of the perturbative nonrenormalizability of the theory. Potential applications are briefly mentioned