The 31-year-old’s current contract with City is set to expire next summer, but the defender is keen to stay at the Etihad Stadium.
“I want to stay and be part of the future,” said Lescott. “But I understand there’s the business side of it and if it’s not to be, I will walk away from the club with my head held high and no regrets.
“Nothing would please me more than to sign an extension. If that negotiation ever happens, I will be there with my pen ready to sign.”
Lescott joined City in a £22million deal from Everton in 2009.
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?