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Some of Manchester City's domestic rivals reportedly want the Premier League to follow UEFA's lead and punish the Blues over alleged Financial Fair Play breaches.

City have been banned from European competition for the next two seasons but are appealing the sanction with the Court of Arbitration for Sport.

If upheld, the ban will see fifth place in this year's Premier League qualify for the Champions League, while Europa League spots could go down as far as eighth depending on who wins the League Cup and FA Cup.

According to The Athletic, clubs want City to also face a domestic punishment and feel that the prices they have paid for players have inflated the market, resulting in overspending for assets themselves.

(Image: Manchester City FC via Getty Ima)

But their rivals apparently feel relegation from the top flight would be a step too far, given the exposure they help bring to the Premier League.

Their ban from Europe led to some speculation Pep Guardiola could leave he club, but the Spaniard insists he will see out his contract which runs to the end of next season.

"It’s not finished," he said. "The club believes it's unfair so we are going to appeal. We are going to wait.

"All we can do is on the pitch and do what we have done the last four years and focus on that until the end of the season. I trust 100% completely my club what they have done. They explained to me the reasons why.

"We are going to fight like we have fought every single game and day we are together until the end of the season. We are optimistic that at the end the truth will prevail and next season we will be in the Champions League.

"If they don’t sack me I will stay here 100% more than ever. First because I want to stay. It’s something special, more than the contract I have.

"I said before, I say now I want to stay and help the club and maintain this level as long as possible.

"Why should I leave? When I said I love this club I like to be here, why should I leave? No matter what happens I will be here next season."