Richards has been linked with a move to the top four Premier League giants.
He said: “I am very happy at City. Hopefully we will have something signed very soon.
“I am just waiting for my dad who is in Africa setting up a soccer school. We have got talks with City as soon as he gets back in the next two weeks.
“To me the most important thing now for my England chances with Euro 2008 coming up is to be playing week in, week out.
“If I am at City then I am hopefully going to be doing that, so it will be the best thing for me.”