Huws was with the Swansea youth academy for five years before joining big-spenders City in 2009, but has been linked with a return to the Jacks.
The 20-year-old starred for Wales in their 2-0 defeat to the Netherlands a week ago, and has seemingly put himself on the radar of multiple Premier League clubs.
Huws is also a reported target for newly promoted Leicester City, along with top-flight outfits Crystal Palace and Stoke City.
The youngster joined Birmingham City on loan last season, scoring twice in 17 games as they survived relegation from the Championship in dramatic fashion.
Huws is yet to appear at senior level for Premier League champions Manchester City, and may now look to alternative clubs to seek some top-flight experience.
He would be an impressive coup for Swansea manager Garry Monk, who has already secured the signature of former Arsenal goalkeeper Łukasz Fabiański this transfer window, as he looks to rebuild a Swansea side wounded from a 52-game season last campaign.
Huws could join a number of new arrivals in West Wales this summer, with the likes of Michy Batshuayi, Ravel Morrison and Luc Castaignos all reportedly on the Swans' radar.
But Welshman Hughes could bring a wealth of excitement back to the Liberty Stadium, and thrive in an environment he knows well.
His quick bursts and intelligence on the ball would suit Swansea’s style of play. He is also capable of the odd 35-40-yard belter, something he has shown during his reserve days in Manchester.