The 18-year-old has made three first-team appearances this season for the Villans, including a Premier League debut against Brentford in August.
He has been an unused substitute in six league appearances, with his other two appearances in the Carabao Cup against Barrow and Chelsea.
Big weekend: Chelsea v Man Utd, Toney, Bielsa, Arsenal
Chukwuemeka made his Villans debut at the end of last season at 17, coming off the bench in the 89th minute in a game against Tottenham.
The England Under-19 midfielder “became frustrated with his lack of first-team opportunities” and “decided that his future did not belong to Villa”, according to The Guardian.
His contract at Villa Park expires in 2023, with the Red Devils, City and Liverpool apparently considering a move for the teenager.
The report adds that it has also attracted interest from Bundesliga giants Bayern Munich and Borussia Dortmund.
New head coach Steven Gerrard is unlikely to provide many opportunities for youngsters as he looks to kick off Villa’s season.
Gerrard’s side face Crystal Palace, which is headed by former Arsenal captain Patrick Vieira, on Saturday.
Speaking on the match, Vieira said: “I think we really enjoyed playing against each other. Every game we played against Liverpool was a tough challenge because of Steven Gerrard.
“He was a real leader, a real captain and one of the best players there. He was one of those players who changed the role of the starting midfielder.
“Every game against Liverpool, I remember some like the FA Cup final (2001) which we lost, but we had games where we got the result, so good games. “
Gérard is also eager to take on his former rival on the pitch.
He said: “I have had many battles against Patrick, ups, downs. He was definitely a player you could really compete against. You could kick him, fight him, compete with him and he would shake your hand after the game.
“He was a top footballer and one of the toughest battles I have ever faced as a player, and I expect the same from the side. I know he is a winner.