The Mirror says City have been offered Brazilian striker Adriano in a swap deal with Jo.
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.
The Serie A champions have been tracking him since he scored against them for CSKA Moscow in the Champions League and lost out to City in the race for his signature in the summer.
Hughes will not let Jo go until he has at least brought in Roque Santa Cruz from Blackburn to replace him.