The winger has been out since rupturing the anterior cruciate ligament in his right knee in August.
But the 23-year-old has now begun training alone with the ball, and City boss Guardiola expects him to return to full training soon.
“He is close. I spoke with him two days ago," said Guardiola.
"He is training alone with ball and feels he handled it well.
"He is doing incredibly well, his knee looks really good so I don't think it is going to take too much time to come back to train with us.
"In the next few weeks he can come back."