The 33-year-old began his career at Aston Villa, originally joining as a 12-year-old in 1994 before leaving to join Hull City in 2003.
The former Wales international now finds himself at Villa's West Midlands rivals, but a shortage of first-team opportunities has made him consider his future.
He barely featured in the second half of the campaign this past season as Ben Foster won back the number one shirt and, at his age, Myhill is keen for regular games.
Aston Villa's current number one had a somewhat erratic 2015-16 campaign and there might be a window of opportunity there for Myhill, if the report is accurate.
Di Matteo obviously rates him and it will be interesting to see whether or not a move materialises. Myhill's contract expires next summer.