Grealish looked to be getting back to his best during his loan at Everton, contributing two goals and six assists in 20 appearances before his injury.
Such was his form at the beginning of last season, he claimed the Premier League’s Player of the Month award for August and quickly became a fans’ favourite.
City sources say there have been no concrete offers for Grealish so far this summer, with a return to Hill Dickinson Stadium looking the most viable option, should he move away.
Everton are yet to make an approach and try to agree a deal, but he remains of interest to the Toffees.
“He is a player we have remained in contact with,” Everton chief executive Angus Kinnear told BBC Radio Merseyside.
“It was no secret he decided to have his injury rehabilitation done here for the remainder of last season – he didn’t have to do that as he could have gone back to Manchester City.
“He is a player who has fallen in love with the right shade of blue, but ultimately he is a City player and we have to respect that. What I do know is that the supporters and the team embraced him and treated him as one of our own. That gave us a good platform to have a longer term conversation with him.
“The most important thing is that he is back fit after he had a serious injury, so I was delighted to see him get some minutes in the Community Shield.”
