The Mirror says City have been offered Brazilian striker Adriano in a swap deal with Jo.
Inter Milan are desperate to get rid of Adriano, 26, in the transfer window and fined him after he returned late from his extended Christmas break.
A mooted move to Chelsea has not materialised and now Inter are trying to interest City.
They feel Mark Hughes' Blues may take up their offer as former owner Thaksin Shinawatra expressed his interest in Adriano 12 months ago.
Inter also want to do business with City because they are keen on Eastlands Samba misfit Jo.
Hughes will not let Jo go until he has at least brought in Roque Santa Cruz from Blackburn to replace him.