The 22-year-old’s current contract at City is set to expire in the summer of 2015 but Munich newspaper the Muenchner Merkur has claimed Boateng has agreed to join Bayern Munich this summer.
“We have big plans with Jerome,” City’s technical director Mike Rigg told German daily Bild.
“He’s an important part of our plans for the future.
“We’ll be playing Champions League qualifiers next term and want to do so with Jerome. He’s not for sale.”