The 21-year-old has spent the last two-and-a-half seasons at Parkhead since arriving in January 2016, and he allegedly wants to return to the English Premier League and prove himself.
West Ham United and Leicester City are reportedly preparing to table summer bids for Roberts, but Rodgers is hoping the English winger will agree to return to Celtic having been impressed with his performances.
“He’s a player we’d love to keep, he’s a fantastic young player.
“But the understanding has always been pretty clear that at the end of the season he’d go back to Manchester City and take it from there.”
Roberts has seen injuries hinder his development since arriving Scotland, spending a total of 158 days on the treatment table over the course of four injury spells.
Nevertheless, the former Fulham starlet has managed to score 18 goals in 70 appearances, and he remains capable of reaching the peak of his attacking powers if he can manage to stay fit.
Saturday’s Scottish Cup Final against Motherwell could be Roberts' last Celtic game if he insists on Premier League football, but the Bhoys will not easily be giving up in their attempt to secure another loan deal for the talented player.