The 27-year-old striker has scored 16 goals and registered seven assists for the Premier League champions this season despite being irregular in the starting line-up.
There is plenty of speculation over Sterling’s future, and The Telegraph claim that Arsenal are weighing up a summer move.
Sterling possesses a contract until the end of the 2022-23 campaign and could be sold if the Englishman has no plans of signing a contract extension at the Etihad.
A number of elite European clubs are said to be interested, but the Gunners are hoping to lure him to the Emirates with the chance of staying in the English top flight.
Arsenal are currently fourth in the league table, four points ahead of their local rivals Tottenham Hotspur with three matches in hand.