Donnarumma, 26, looks set to leave PSG this summer after a monumental falling out with the club, just months after playing a key role in their Champions League triumph.
Luis Enrique’s side have since signed highly rated French goalkeeper Lucas Chevalier as Donnarumma reportedly eyes a move to the Premier League.
Man United and Man City have been the most heavily linked, with Fabrizio Romano reporting Guardiola is a ‘big fan.’
Donnarumma's agent, Enzo Raiola, has confirmed that the Italy international is interested in a move to England this summer, but admitted there have been no talks with City.
Raiola told Calciomercato: "Rumours about Guardiola's interest are (just) rumours that have arrived. The truth is that we never talked to Guardiola.
“Until recently we thought to stay in Paris, again this year. After the communication of the non-renewal I said: 'Let's stay another year and then go away'. This was also the will of Gigio.
"Some Premier League clubs are moving and it’s the league to which Gigio aspires, also from a professional point of view. After being in Italy and PSG, the Premier League could give you that next step forward because you would go to play in the best league in the world.
"The Premier League step is taken into account because we think that for an important player like Gigio it can be the right place.
“Also because history says that the only Italian to have won the Premier League is Mario Balotelli. If he could become another Italian to win it, it would be a beautiful thing for us. History says that it is very difficult for Italians to win it."