Wolves boss Mick McCarthy, a former City player, is favourite to do a deal next month after City revealed that the 22-year-old - once tipped for England glory by Sven Goran Eriksson - is only a fortnight from playing again.
Johnson has managed just two games in the past 27 months because of injuries. Troubled for a long time by pelvic problems, he then required knee surgery after a training injury.
Rare sighting: Johnson's career at Eastlands has been ravaged by injury
Johnson is happy to fight for his place at City but manager Roberto Mancini believes regular games on a loan spell is what he needs after such a long absence.
McCarthy also wants City's former Wolves defender Joleon Lescott and Spurs striker Robbie Keane. Benfica drop Luiz asking price to £25m to tempt Man City into January bidYaya Toure insists City are now seeing the best of him after £24m moveTevez saved me: £24m Silva credits captain for settling him in at EastlandsMANCHESTER CITY FC