Manchester City have declined to comment on a report that manager Roberto Mancini was involved in talks about becoming manager of Monaco last season.
On Thursday the Guardian reported on their website that Mancini spoke to the wealthy Ligue 2 outfit earlier this year with a view to joining them at the end of the last campaign.
It is claimed the Italian was offered a big-money contract and that the club expected him to sign.
The 47-year-old has enjoyed considerable success at City since succeeding Mark Hughes in December 2009.
He oversaw the end of the club's 35-year trophy drought by guiding them to their FA Cup win in 2011 and then masterminded that first league crown in 44 years last season.