The Italian winger has been strongly linked with a move to the Etihad Stadium in recent months.
The 24-year-old was keen to leave the Florence outfit earlier this summer, having fallen out with the club's fans last term.
"The negotiations with City exist," said Cerci to Fiorentinanews.it. "But my wish is to remain here considering that I have made peace with the fans."
Cerci joined Fiorentina from Roma last summer and signed a four-year contract with the Tuscan outfit.