Manchester City have relied heavily on the exploits of Erling Haaland this season and could look to alleviate the Norwegian's goalscoring burden in January.
Bournemouth attacker Semenyo is understood to have a �65 million release clause in his Cherries contract which is active during the first two weeks of the upcoming winter transfer window.
Manchester City may enter January transfer race for Antoine Semenyo
Although Liverpool are understood to be reluctant to commit further resources to transfer expenditure in January following a large summer outlay, the Reds cannot be ruled out as a possible competitor for Semenyo's signature.
Current Anfield sporting director Richard Hughes brought Semenyo to the Vitality Stadium from Bristol City in 2023 when he fulfilled a similar role for the south-coast club.
Signing Semenyo would, theoretically, help Manchester City keep pace with league leaders Arsenal during the busy festive period.
The Etihad club are set to lose Egypt forward Omar Marmoush for up to five weeks due to the Africa Cup of Nations (AFCON), however, Semenyo's arrival would at least ensure Guardiola's stable of forwards remains suitably staffed.
According to The Times, Manchester City are reluctant to let Marmoush join up with his international teammates on December 14 when Egypt are scheduled to contest a warm-up friendly.
This is due to the fact Manchester City have a Premier League encounter with Crystal Palace on the same day and would like to retain Marmoush's services for as long as possible pre-tournament.
The Gunners are not expected to lose any players to AFCON, while Manchester City are set to be without Marmoush (Egypt) and Rayan Ait-Nouri (Algeria).
Fellow Premier League title contenders Chelsea are also unaffected by the mid-season competition.
Ghanaian international Semenyo will not make an appearance at the tournament because the Black Stars have failed to qualify for the first time in 21 years.
