Arsenal have been linked with the 27-year-old striker.
The Ivory Coast forward has struggled to impress at Eastlands since making a £30 million move to the then-Premier League champions in 2015, netting six league goals for the Sky Blues in some 18 months.
In his defence, the former Swansea hitman did struggle with injuries, but form was also a big issue and Arsenal have been linked with a move for the 27-year-old, according to The Star.
The Gunners certainly need another option up front as Olivier Giroud looks set to start the new season as Arsenal's one and only established centre-forward.
But is Bony the answer? Not according to Moreno, who believes manager Arsene Wenger should pass up the chance to sign him if the opportunity comes his way.
Asked by ESPN if Bony would be a good fit with Arsenal, Moreno said: "He would be a fit anywhere, but not Arsenal or Manchester City. When injuries weren't a problem the fact is he did not produce for Manchester City and I think this is a miss."
Arsenal, who have signed one established player this summer in midfielder Granit Xhaka for £34 million, kick off their Premier League season with a tricky visit of Liverpool on Sunday.