City manager Roberto Mancini has insisted Tevez has played his last game for the club, after revealing the Argentinean refused to come on as a substitute in Tuesday's 2-0 defeat to Bayern Munich in the UEFA Champions League.
In the immediate aftermath of the incident, Tevez has been handed a two-week suspension while the club's legal department assess possible sanctions they can impose on the temperamental striker, with a contract termination yet to be ruled out.
And it now appears that Mancini has identified Van Persie as the perfect addition to his attacking ranks.
Arsenal's Dutch talisman has hit form recently, netting a brace in last weekend's 3-0 win over Bolton, and The Guardian, The Telegraph and The Independent all believe City have now firmly set their sights on him.
At present, Van Persie's contract is set to expire in 2013, and the striker earlier this week declared he was not ready to enter extension talks just yet.
"I still have almost two years left here, so for the moment that's fine. But I don't know, we will have to look," said the Dutch striker.
"I'm happy with my contract, I'm good. That's how it is, I can't say much more. I can't look into the future."
However, Arsenal will be aware speculation will continue to mount as long as he fails to extend his current deal, and the Gunners may eventually have to sell him if they do not want to lose him on the cheap.
City have already raided Arsenal once earlier this season when they swooped to sign playmaker Samir Nasri, whose contract with the Gunners had been due to expire next summer.
Meanwhile, all three papers also believe City are prepared to accept cut-priced offers for Tevez in the January transfer window, with The Guardian and The Telegraph both stating the Citizens will be lucky to receive anything in the region of £20million.
Tevez's current market value represents a huge drop from the £40m Corinthians reportedly offered City earlier in the summer.