The 22-year-old centre-back has been linked with a move away from Everton for much of the summer, with Man City the most likely destination it would seem.
It was reported by The Sun a little earlier in the week that the former Barcelona coach would launch a £50 million bid for the Everton starlet, which could make him the most expensive English player in the history of the game.
Nevertheless, the City manager admitted that Stones was a target, but conceded that he did not know whether the move from the Toffees was going to materialise.
"It's a player from Everton. Everybody knows we're going to try [sign him]," he told ESPN. "I don't know what's going to happen."
Just like last season, the Stones saga is beginning to drag on a bit and manager Ronald Koeman will want his future resolved one way or the other as soon as possible.
It is a major distraction for the Everton boss and his players, and the Dutch coach will be hoping a resolution will come before the Toffees' Premier League curtain raiser with Tottenham on August 13.
New manager Ronald Koeman during the press conference