The England international is believed to being refusing a renewal in his contract mainly because of a lack of game time due to Pablo Zabaleta being the preferred choice on the right side.
The 25 year-old is now interesting many clubs around Europe but most notably AC Milan, Arsenal and Liverpool and would be available for small fee in the Summer.
AC Milan are now a club who look for cheap deals as shown in their player activity over the last 18 months and Richards would fit the bill as a player who could potentially bolster the squad while being a financially sensible idea.
Arsenal meanwhile are looking for a replacement for the soon to be departing Bacary Sagna who looks set to leave at the end of the season on a free transfer.
And Liverpool will be in the Champions League next season as well as being title challengers again which means they will need to bolster their squad and they see Richards as the perfect addition to the team.
Richards has made just 2 appearances in the Premier League this season and this is an evident sign that this isn't likely to change any time soon should he stay.