The Premier League outfit have been linked with a number of replacements in the form of City's Patrick Roberts and Lyon's Bertrand Traore, however Tuttosporthave claimed they are now looking at Falque as a solution to their problems.
The report claims the winger has received interest from across Europe from the likes of Sevilla, Valencia, West Ham and Southampton following a consistent run of form with Torino over the last two seasons.
The 28-year-old is accustomed to playing on the right wing and cutting inside onto his dominant left foot, a feature of his game which returned 14 goals and ten assists across 40 games for Torino last season.
However, Torino are eager to keep hold of one of their prized assets and would only part with the Spaniard if they received a substantial offer.
Falque spent a total of one and half seasons with Tottenham for a return of just two games before being loaned out elsewhere prior to his permanent switch away from the club in 2014, where his since spent his time playing in Italy.