Milan-based Mediaset, which is owned by Silvio Berlusconi, the president of the Rossoneri, says Pato could be on the move to England in 2011.
Pato's form has nose-dived in the last year and he clashed with teammate Rino Gattuso on the weekend.
Chelsea boss Carlo Ancelotti, who worked with Pato at Milan, is watching developments closely and will not need encouragement to move for the striker in June. With Didier Drogba about to turn 33, Pato is a prime candidate to succeed the Ivorian at Stamford Bridge.
Chelsea were told in June, 2009, it would take £45 million to sign the Brazilian. But since then, his asking price has plummeted.
Interestingly, City boss Roberto Mancini has always claimed he was the first to spot Pato at Internacional, but Inter were too slow in negotiations and eventually were beaten by Milan for the striker's signature.