The fixture – which will see Mikel Arteta return to the Etihad Stadium for the first time since leaving City to become Gunners boss – was scheduled for last Sunday, but City were involved in the Carabao Cup Final against Aston Villa at Wembley.
Next week is free for both teams and top-flight officials have broached the idea of playing the game on Wednesday, March 11.
Manchester City could host Arsenal at the Etihad next Wednesday in the Premier League
A decision on the proposed date for the Etihad clash is expected within the next 24 hours.
If Wednesday is confirmed as the new date, Arsenal, who face West Ham at 3pm on Saturday, will have 24 hours extra to prepare for the clash than City, who face arch-rivals United in the Manchester derby at 4.30pm on Sunday.
With the game potentially at such short notice, the Gunners are looking at subsidising coaches for supporters.
With Liverpool on the brink of winning the Premier League, City’s objective now is to consolidate their position in second while Arsenal are still eyeing an unlikely top four spot.
Mikel Arteta will return to City for the first time since leaving to become Arsenal manager