The 22-year old Dane has not been allowed to leave by the Eastlands club despite being third-choice in the keeping ranks.
His agent, Mads Frederiksen says several clubs have tabled bids for Schmeichel but City have knocked them back.
"He has a contract with City, so we are a little hesitant about what will happen," he told Bold.
"We talk regularly with City, so it may be that something happens within a short space of time, but it may also be that nothing happens.
"We are working to find a solution so that he may be able to play some games. There is interest in Kasper, and there have been several offers, but they were rejected by Manchester City."