The Spaniard is still an integral member of the City side and helped them win a historic domestic treble this season, including scoring the opener in the 6-0 FA Cup win over Watford last week.
However, The Sun report that Pep Guardiola is already planning for life after the diminutive playmaker and is eyeing a move for Monaco’s Youri Tielemans, who is valued at £40m.
The Belgium international, who is also wanted by Arsenal, Manchester United and Tottenham, has made a considerable impression during his loan spell at Leicester City.
It is said that Silva would receive £12m tax free if he were to make the move.
Silva, 33, joined City from Valencia in 2010 and he has won four Premier League titles, two FA Cups and four League Cups during his time at the Etihad.