The 26-year-old Togolese forward has been heavily linked with a move away from Eastlands this month after only managing two Premier League starts under City boss Roberto Mancini this season.
And, despite several clubs being interested in taking Adebayor on a loan deal, it was thought City wanted to offload him permanently to recoup some funds following a massive outlay on new players.
A recent £27million swoop for Wolfsburg's Bosnian international forward Edin Dzeko meant Adebayor has been pushed further down the pecking order behind the likes of Carlos Tevez and Mario Balotelli, who joined last summer from Inter Milan, while Brazilian Jo has featured more this term.
Therefore it appears that City will allow Adebayor the chance to resurrect his career at Monaco, whom he helped reach the 2004 Champions League final during his first spell at the club.
Despite City paying £25million to Arsenal for Adebayor, it is being reported that they will allow him to leave for a cut-price £9million fee, while Monaco have agreed to match most of the wages he collects at Eastlands.
Meanwhile with Adebayor set to leave, it means City have now snubbed Birmingham's attempts to take Jo to St Andrew's on loan until the end of the season.