Johnson is keen to leave City in order to get regular first-team football.
The 25-year-old has also been linked with the likes of Sunderland, Spurs and Everton.
But the Independent reports that Liverpool have emerged as favourites to land the highly-rated England international.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.