Pep Guardiola's side has had difficulty this season, but still looked like qualifying for the Champions League of next season, which is currently in fourth place with 65 points of their 36 games.
City spent heavily in January and signed Abdukodir Khusanov, Vitor Reis, Nico Gonzalez and Omar Marmoush for a combined fee of £ 178 million to rejuvenate their aging quad.
According to the Telegraph Look City look to continue their large editions in the summer and to have their eyes on Milan -midfielder Tijjani Reijnders, 26.
The report adds that the Italian giants will pay the Dutchman with qualification for next season's Champions League unlikely.
Milan Value Reijners for a higher price than the current record transfer Kaka, which made the club £ 57 million when he moved to Real Madrid in 2009.