The 18-year-old has attracted the attention of the Premier League champions after netting three goals in ten appearances so far this season.
Roberto Mancini is said to be a long-term admirer of the front-man and could attempt to beat the reported interest of city rivals United by making a winter bid.
As well as the Red Devils, Italian giants AS Roma are believed to monitoring the situation.
Despite playing in the second tier, the teenager is widely thought of as a genuine emerging talent by the many areas of the media in his home nation.
His performances have helped the team to top spot in their division, with 34 points from their opening fixtures.
Although he has a wealth of attacking options, Mancini feels that Berardi could add something to his squad in the not too distant future.
In the short-term he could be loaned back to his current team in order to continue his development.
Since taking control of the Citizens, the Italian manager has made multiple transfer raids on clubs in his home nation.
The likes of Mario Balotelli, Patrick Vieira, Aleksandar, David Pizarro, Maicon and Matija Nastasic have all arrived from teams within Italy during Mancini’s tenure.