SIPG are keen to move for 35-year-old Terry - who played under AVB for most of the 2011-12 season - when the January transfer window opens.
But they could be made to wait until the end of the season if the Londoners’ legendary skipper chooses to see out the remaining months of his contract chasing the fifth Premier League title of his career.
More arrivals at City?
Pep Guardiola is still planning an overhaul at Man City.
The Spaniard spent £160m last summer with the likes of John Stones and Ilkay Gundogan.
Guardiola is expected to focus on his defence over the next couple of transfer windows, after failing to bring in any full backs or a central defensive partner for Stones in the summer.
Arsenal right back Hector Bellerin and centre backs Leonardo Bonucci and Aymeric Laporte were all targeted - and Guardiola is set to address those areas again.
Where next for Gerrard?
Gerrard has returned to the UK and is likely to spend Christmas with his family contemplating his future as he weighs up offers on the table.
That brings him a step closer to a possible return to the Liverpool club he served for more than 20 years...but he is still far from agreeing any Anfield role.
It is likely the Anfield legend will be offered the chance to both act as a club ambassador, and also mentor young stars in the academy.
Gerrard would be interested in such a role, but he has other coaching offers, and also several propositions to take up a media role, with both Sky and BT Sport thought to be interested.
It is understood he also has offers from Premier League clubs to return to a playing role with the chance to incorporate coaching opportunities within the position - but he is reluctant to accept any chance to return as a player if it means facing Liverpool.
His former Reds boss Brendan Rodgers could offer a route to continue playing at Celtic, but Gerrard has told close friends he will not rush into a decision.
He is likely to continue working with BT Sport over the Christmas period, and then make up his mind on his next step in the New Year, with his preference thought to be for offers related to coaching roles.
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STEVEN GERRARD SAYS GOODBYETO LA GALAXY
Donnarumma to replace Buffon?
Juventus are interested in Milan’s teenage goalkeeper Gianluigi Donnarumma.
The 17-year-old has been one of the standout performers for Milan this season.
And Juve believe Donnarumma could be the heir to long-standing stopper Gianluigi Buffon.
Chief executive Giuseppe Marotta had this to say...
We always want to have the best goalkeepers.
Today we have Buffon, who will play with us for a few more years, and it’s beautiful that he represents everything good about football.
After that, we’ll look around and replace him with someone. Of course, it won’t be easy to replace a player like Buffon.
It’s a difficult task, but Juventus’ ambition is to find a worthy successor.
Toffees draw up transfer plans
Everton are set to put together their transfer strategy this weekend.
Steve Walsh will meet with his new-look scouting team after Laurence Stewart joined as senior recruitment co-ordinator
The deal will include a break clause in 2018 but will also feature big bonuses and incentives, even though it is worth less in basic-wage terms than the deals given to his two predecessors Roy Hodgson and Sam Allardyce.
It is believed Southgate, 46, wants a long-term deal beyond the World Cup in 2018, as he believes he needs time and patience to stamp his authority on the role.