The Citizens' AWOL striker failed to seal moves from the Etihad Stadium to both AC Milan and Inter Milan before the transfer window closed last night.
The Times have now reported that the Nou Camp boss admitted to considering an offer for the Argentina international, who has been on strike in his native country since late last year.
“Tévez? We thought about the option. But I value the academy, we will count on youth,” The Times quote Guardiola as saying.
This makes for an uncomfortable situation at Manchester City, whereby Tevez may be forced to return to the club unless a deal can be struck with a Russian or South American club, as their respective transfer windows remain open.
Not only has Tevez refused to play, he has now appealed to the Premier League in a bid have a fine of six-week wages, thought to be £1.2 million, overturned after Manchester City found him guilty of gross misconduct.
The report says this could mean the Citizens face a bitter legal row that could last into the final days of the season.