Tevez has not played for City since September after being fined and suspended for refusing to come on as a substitute against Bayern Munich, prompting Mancini to declare the former Manchester United striker as ‘finished’ at the Etihad Stadium.
Since then Tevez has been AWOL from the club, returning to Argentina without pay since the end of November, while it was announced earlier this week that he would appeal to the Premier League over City’s decision to fine him a further six weeks wages for gross misconduct in December.
Both Milan clubs and Paris Saint-Germain declared an interest in signing the 28-year-old during the January transfer window but could not match the price put on the 28-year-old’s head by City’s owners, while a loan deal elsewhere was also ruled out.
That left Tevez facing the prospect of another four months out of the game until the summer transfer window opened, but now Mancini says he would be willing to welcome him back into the team if he were to prove his match fitness.
"Carlos is not an option at the moment but it is possible in the future if he comes back," The Citizens boss told reporters.
He added: "I hope for him he has been training in the last three months to help his condition. There is only one thing on my mind, the Barclays Premier League. But if he comes back - and he is fit - it is possible."
Tevez's already strained relationship with his employers threatened to deteriorate further after quotes attributed to him in German magazine Kicker described City’s decision to not let him go in January as ‘strange’.
"The situation is very strange for me," Kicker quoted Tevez as saying.
"I wanted to go and had offers from other leagues, from Spain and Italy. But it did not work out in the end because City did not accept any of the offers.
"There were offers from (AC) Milan, Inter and PSG. But something always wasn't right."
Tevez’s representatives moved to dismiss the comments, saying the Argentinean ‘categorically’ denies speaking to the magazine.
A statement issued read: "Regarding an interview published in Kicker magazine today (2.2.12), Carlos Tevez categorically denies both speaking to any journalist about his situation at Manchester City and the quotes attributed to him in the interview."