The England international has a year left to run on his current contract and despite new boss Manuel Pellegrini reassuring him that he is part of his plans, Barry remains in the dark over his future.
Barry, 32, who joined City from Aston Villa in a £12m deal four years ago, admits he is disappointed there has been no offer.
"It's just a case of wait and see, as far as a new contract is concerned," Barry told the Sunday Mirror.
"I haven't heard anything about a new deal from the club, so it looks as though my contract will run out next summer and I'll have to take it from there.
"The manager has spoken to me. He told me that he sees a place for me in his squad as he wants two quality players in every position.
"I've got to admit that, with Yaya Toure, Javi Garcia and now Fernandinho in the squad, it's going to be tough for anyone to nail down a position in central midfield. I'm a bit disappointed that there's been no offer, but I haven't got myself too down about it."