Everton, who sold him to City just two years ago, are reportedly trying to bring the midfielder back to Goodison Park with West Bromwich Albion also in the hunt to sign him.
Since moving to the league champions for £12million in 2012, Rodwell has managed just seven league starts and two goals with numerous injuries hampering his chances in the first team.
Everton boss Roberto Martinez attempted to sign him on loan in January and remains interested in the former England international, despite his injury record.
Martinez is looking to replace Gareth Barry, who had a great season for the Toffees last year in central midfield on loan from City. If Martinez can get his man, Rodwell may be able to fill the void left by the former Villa captain at a cut price.
West Brom’s new manager Alan Irvine knows Rodwell having coached him during his time at Everton and will hope his friendship could persuade him to make the move to the Midlands.
Once considered one of England's most promising youngsters, he was never able to press for a place in the City starting XI due to an abundance of midfield talent and injuries preventing him from showing what he's capable of.
Still only 23, Everton and West Brom will be hoping if they can get him fit, he could be the bargain of the summer with the potential to still go on and become a Premier League star.