James Milner, Frank Lampard, and Richard Boyata have all left the club leaving City with just three homegrown player: Joe Hart, Gael Clichy and Richard Wright.
Mark Ogden of The Telegraph reported Manuel Pellegrini plans to introduce 19 year-olds Jason Denayer, Marcos Lopes and possibly 18-year-old Kelechi Iheanacho into the fold.
That would still leave the Citizens two squad members short of fulfilling the eight-man homegrown quota; consequently they would need to omit two players from their 25-man-squad for next season.
Beneath are the homegrown players City should target to meet the quota:
The above picture is from last season's 3-2 thriller at Anfield where Sterling tormented the City backline and got the opening goal of the game.
City may not have won the Premier League last season if the diminutive forward's strike was not incorrectly ruled offside in the reverse fixture at the Etihad.
This season he netted and set-up seven goals whilst averaging 2.9 dribbles (fifth highest) and 2.1 key passes (joint seventh highest).
By comparison only Sergio Aguero managed over 2 dribbles per game for City. Yaya Toure (1.8) and David Silva (1.6) are equally skilled but at the ages of 32 and 29 their dynamism will fade soon (that process has already started for the Ivorian) showing Sterling's enthusiasm is badly needed.
At the age of 20 Sterling is showing a level of consistency that is rarely attributed to players in his age bracket. His stats are superior to Cristiano Ronaldo who scored a combined tally of nine goals after two seasons in the Premier League at the same age.
There were times this season the youngster struggled but this was solely down to poor management from Brendan Rodgers who played Sterling in multiple positions over the course of the season, without rest, often fostering all hope on him. In team where he would not be the leader he would be allowed to progress further without too much pressure on his shoulders.
His two goals and four assists rank favourably with Gael Clichy (one and three) and Aleksandar Kolarov (two and three). Both City's left backs are 29-year's-old and with neither world class Pellegrini could easily sell either of them whilst they still have a value in the transfer market and sign Cresswell.
That goal along with Stone's smooth ball control and ability to bring the ball out of defence will endear the England international to the Etihad faithful.
However, what they truly need is a centre back who can defend. Captain Vincent Kompany lost his aura of invincibility and was eventually dropped towards the end of the season after a string of poor performances.
His replacement, £32 million flop Eliaquim Mangala was arguable worse and Martin Demichelis, whilst still a top performer, needs to be replaced at some point at the age of 34.
Stones is just the man for the job as rarely ever lets someone get past him. He was dribbled on average only 0.2 times compared to Kompany's 0.6, Mangala's 0.8 and Demichelis' 1.1.
A blocking average of 1.1 was also better than Kompany's 0.6, Mangala's 0.5 and Demichelis' 0.3 showing the former Barnsley man is as courageous as he is cute on the ball.