I doubt that leaving the City can save his reputation, firstly, he knew where he worked all these years, and secondly, in some interviews he defended the City’s position (that they were innocent of fraud). It's pathetic. The essence of the matter is known to everyone who was at least a little interested in it, but now if all this is officially recognized (although this was done before when they wanted to ban City from Eurocups for 2 years), the reputation of everyone connected with this will be sullied.
I see the vacancy at the England National team managerial role has actually drawn pep guardiol into this. Even before England showed interest it was already around that if his contract expires with Manchester he will be leaving, this is not because of the club issue, he met the underlying problems there and that was the board thing to handle. We all saying he supported Manchester city with his statement is definitely the right thing to do, he is their employee and they have not been found guilty, should he throw them under the boss? I don’t think that’s what any one will do
It's just a rumor, don't take it seriously. No one wants to take excessive risks while he is in the safe box. At Manchester City he got everything, popularity, glory & also legacy, it is better for him to stay there to get more titles. Maybe he will be seen when he is no longer managing a big team & when he is too old for it. The latest rumor is about Eddie Howe, the English FA is said to have intentions of getting him, although Eddie Howe has dismissed the rumor.
Yes he has everything at Manchester city but this is not the first club that pep Guadiola will work out from where he didn’t have everything at his palms. At Barcelona he had the whole football in his hands because he managed or assembled one of the best team that world football will ever experience yet he walked out, so I will say this time around it is no different, what was keeping him was the lack of champions league at city and he has delivered so he can go anywhere now.