Guehi, who has won 26 England caps, is out of contract this summer.
It has been expected he will leave Selhurst Park as a free agent at the end of the season, but that could now change given City’s injury woes.
Bayern Munich, Real Madrid, Barcelona, Inter Milan and Atletico Madrid are among the European clubs to have shown an interest in signing the defender on a free transfer, with regulations meaning Guehi can sign a pre-agreement with an overseas club from this month.
Guehi came close to joining Liverpool for a fee of £35m last summer, but Palace pulled the plug on the deal during the final hours of deadline day.
The Anfield club remain strongly interested in Guehi and it now remains to be seen if they are prepared to bring forward their plans to sign the player this summer.
City and Liverpool are also both interested in taking Guehi on a free transfer at the end of the season and it is understood Palace would consider selling the defender this month to avoid the scenario of losing their captain for nothing come the end of the season.
