The Brazilian international spent the latter part of the 2012/13 campaign on loan with Turkish giants Galatasaray, but has been linked with a move to the Etihad Stadium as part of the deal that could see Carlos Tevez move to Turin.
Tevez is believed to be high on Juventus' list of transfer priorities when the transfer window reopens on July 1, but Manchester City are keen to keep hold of the Argentine.
In fact, City are looking to further strengthen their attacking options, and have identified Melo as a player who will improve the squad ahead of 2013/14, when the Citizens will attempt to reclaim the Premier League title.
"To be honest I know nothing [about Manchester City]," Melo told Portal da Band. "I have a few days holiday now, the season was very stressful and now I get all this transfer stuff at the end, and I will end up not enjoying my holidays.
"This week will be decisive, I'll talk to my lawyer and see what is concrete, and then decide."
Despite reported interest from Manchester City, Melo is open to the idea of returning to Galatasaray to sign a permanent deal in Istanbul.
"If I go back, I would be very happy and if not, I will keep supporting them," he said. "The idea for me now is to join a side that will allow me to win titles."