The 28-year-old Dutch international has been unable to resolve a dispute over wages with the Italian club and both parties look to have reached a stage where the only option may be to part ways.
“There is little reason for me to sign (a revised deal).” The Daily Star quoted Sneijder.
This has alerted Europe’s leading clubs of his availability and it was believed that the two Manchester giants were set to battle it out for the Dutchman’s signature.
However United chief Ferguson has played down the rumours after a previous failed attempt to sign the World Cup finalist in the summer of 2011, when he was put off by Inters valuation of the player and his wage demands.
This has seemingly paved the way for Mancini, a public admirer of Sneijder to bring him to the Etihad.
The City boss is keen to add quality to his squad after summer arrivals Jack Rodwell, Javi Garcia, and Scott Sinclair have failed to shine since signing.
Inter president Massimo Moratti however still believes he could have a future with the Italians saying:
“A lot of this has come from the media. We’re trying to agree on certain things, otherwise he’ll stay at the club.”
Sneijder has not played for Inter since September because of the dispute and through injury and it’s looking increasingly likely that we will see him in England sooner rather than later.