According to reports in France cited by The Daily Express, Toure - who notably fell-out with the Citizens hierarchy earlier this summer after he felt insulted by their failure to acknowledge his birthday and an apparent refusal to allow him to depart the club's recent tour of Abu Dhabi for personal reasons - wants to secure a move away from the Etihad Stadium before the 2014/15 campaign.
The same source further suggests that, while dominant Ligue 1 champions Paris Saint-Germain are the overwhelming favourites to land Toure in the event that he did depart Manchester City, Premier League rivals Chelsea and Liverpool are other credible options.
Losing Toure would come as a devastating blow to Manchester City, with the Ivory Coast international - who was visibly frustrated by his country's inability to progress past the group stages of this summer's World Cup - having proved instrumental in their second Premier League title triumph last season.
With 20 goals in 35 top-flight games last season, Toure ended a superbly successful first season under the reign of Manuel Pellegrini as Manchester City's top scorer and, although some supporters may inevitably dispute this, comfortably their most important and consistent performer.
While Toure's exit would certainly hurt, the feeling of sheer exasperation among the City faithful would surely be made significantly worse if the club were to sell his talents to a direct title rival.
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Where will he go?
With Toure still under contract, you have to assume that Manchester City will do everything in their power to ensure that any move for Toure would result in the player leaving the Premier League.
PSG - with all of their obvious spending power - would surely be capable of financing a deal, although they might need to be somewhat wary of the potential implications of Financial Fair Play with the club having already signed Chelsea defender David Luiz for a fee believed to be in the region of a staggering £50 million.
If Chelsea or Liverpool - by some act of pure genius - were able to convince Manchester City into selling Toure to them, then obviously it would provide an immense boost to their title credentials.
Chelsea and Liverpool interest
Chelsea have acted quickly to reinforce their squad already this summer, with Jose Mourinho having completed deals to bring Spanish international duo Diego Costa and Cesc Fabregas to Stamford Bridge.
Liverpool, meanwhile, are also evidently on the hunt for new recruits as they prepare to return to the Champions League after a four-year absence.
The loss of talismanic striker Luis Suarez - believed to be close to securing a move to Catalan giants Barcelona after his latest controversial act - could prove catastrophic on the pitch at Anfield, so it is hugely important that Brendan Rodgers is able to compensate for his absence.
If he were able to pull of the unlikeliest of deals for Toure, it would surely go down as one of the very best in Liverpool history.