City boss Roberto Mancini has claimed Dzeko is the man to fire them to the title.
But his paymasters now face the embarrassment of being beaten to the punch by Juventus.
Juventus managing director Beppe Marotta will meet with officials from the German club next week in a bid to nab the Bosnian. The Turin-based club are willing to allow Dzeko to stay at Wolfsburg for the rest of the season before moving to Italy in the summer, says the Daily Star.
The Italians know they can't compete with the £5m-a-year salary City are ready to hand Dzeko.
But they feel he could be tempted by the lure of more regular football at Juve, where he would be an automatic first choice.