The England international’s contract at the Etihad Stadium expires at the end of the season and is negotiating with the reigning Premier League champions, but an agreement has not been reached.
And with his game time having been limited for some time thanks to the wealth of options in the Sky Blues’ star-studded squad, Milner is believed to be considering his options.
With the 29-year-old boasting plenty of experience and a good level of versatility – he played as a striker over the winter during a mini injury crisis – both Arsenal and Liverpool have been linked with him.
Reports suggest that both have submitted offers to Milner, which he is looking over as he keeps his options open.
Arsenal are understood to see the dependable midfielder as an alternative to some of their playmakers, while Liverpool are readying for the exit of Steven Gerrard.