Gibson and McGeady haven't seen much game time this season.
Both Gibson and McGeady haven't had that much game time this season, with the former struggling to get back into the side since a knee injury, while McGeady has found himself down the pecking order of wide men.
The report states that Gibson is likely to secure a move to another Premier League club, with relegation threatened sides Sunderland and Aston Villa said to be monitoring his progress, while McGeady is attracting interest from the Championship - though he also hopes to remain in the Premier League for the rest of the season.
McGeady played more of a role for Roberto Martinez's side last season when the Blues had Europa League competition to contend with, but the sparkling form of Gerard Deulofeu since his arrival on a permanent basis from Barcelona in the summer has kept the Republic of Ireland international out of the side, and Kevin Mirallas is also ahead of him in the pecking order.
This season he has only managed the one appearance - coming in the League Cup - whereas last season he made 24 appearances in all competitions.
Former Manchester United midfielder Gibson has featured on five occasions this season, and injury has been bad luck for him as the central midfield area has become a fiercely contested part of the side in Roberto Martinez's side, with Ross Barkley, James McCarthy, Gareth Barry, Mohamed Besic and Tom Cleverley among those competing for a place in the middle of the park.