Sky Italia says after training with Como since Christmas week, the former Tottenham and Everton midfielder is being offered a contract by the Serie A club.
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The deal will run to June 2026, with the option of another 12 months.
Meanwhile, Cesc said on Saturday: "He's working with us, he hasn't played a match in a long time. He's back to breathing the air of a team. In Marbella he worked a bit with the group, it was a request from the club to bring him with us. We'll see.
"I see him in the role of Nico Paz, who is a very important player for us. We're here to help him, we hope he can return to his former self."