The Brazilian joined Santos on loan in the January transfer window and has admitted he would not be keen on a return to City.
Santos are reportedly keen to keep the 26-year-old at the club.
Spanish newspaper Sport reports that City boss Roberto Mancini wants to include Robinho in a bid for Ibrahimovic.
Mancini wants to be re-united with Ibrahimovic, who he coached during his time in charge at Inter Milan.