Bernabeu boss Jose Mourinho is looking to capitalise on the unsettled nature of Tevez’s relationship with City Boss Mancini, hoping that in light of recent events the club's valuation of the player would have significantly reduced.
City manager Roberto Mancini angrily said Tevez was "finished" at the club after accusing the Argentinian of refusing to appear in the second half of Tuesday's game with the Premier League team trailing 2-0.
But Tevez denied Mancini's comments in a statement on Wednesday.
"In Munich on Tuesday I had warmed up and was ready to play. This is not the right time to get into specific details as to why this did not happen. But I wish to state that I never refused to play," Tevez said.
The 27-year-old striker blamed his failure to appear on "confusion" on the City bench and apologised to the club's fans for "any misunderstanding."
"I would like to apologise to all Manchester City fans, with whom I have always had a strong relationship, for any misunderstanding that occurred in Munich," Tevez said.
"They understand that when I am on the pitch I have always given my best for the club.
". there was some confusion on the bench and I believe my position may have been misunderstood.
"Going forward I am ready to play when required and to fulfil my obligations."
Mancini had indicated Tevez -- who is reportedly one of the highest earners in English football with weekly wages of more than £200,000 -- would never play for the club again in the aftermath of Tuesday's defeat.
Mourinho has just two recognised strikers in his squad and after failing to land £40m target Neymar from Santos in the summer would certainly be in the market for a new striking option.