Grealish's time with City looks set to come to an end after he was left out of their Club World Cup squad last month. His omission followed a season in which he made just seven league starts.
Insiders have reportedly said the move will help to ensure the women's team is a standalone entity capable of attracting its own investment.
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OLIVER HOLT: It occurred to me then how much more visible the women's Euros had been than the men's Club World Cup. Several factors helped determine that.
The Lionesses manager is in line for a special reward after leading England to another Euros win.
Sancho has been banished to the 'Bomb Squad' at Old Trafford and is not in Ruben Amorim's plans after Chelsea paid a £5m penalty to send him back.
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