Sterling became England's most expensive player when he swapped Anfield for the Etihad Stadium in the summer, in a deal worth £49m ($76.6m), according to BBC Sport.
Having followed the 20 year old through the ranks at Liverpool and with similar attributes to the ex-QPR youngster, Ibe has been tipped to step into Sterling's shoes this season.
Since joining the club from Wycombe Wanderers in 2011, Ibe has made 18 appearances in all competitions for Liverpool and an indication as to his involvement this term was revealed when he played from the start in the opening weekend win over Stoke City.
Defender Jose Enrique believes Ibe can eclipse Sterling's achievements at Liverpool, with the Spaniard believing the club have another £49m player on their hands.
"Liverpool know how to hand another player worth £49m," he told Marca. "He is super quiet, like Raheem, but he has more ability.
"He has been our best player in pre-season. He is strong, and that does not touch a weight, running and hitting the ball with both feet. He is top, top, top."
"I understand [why Liverpool sold Sterling]," he added. "I think for the money they had to sell, but it is a great signing for City. It has nothing to do with what they say about him, he is super quiet, is careful, he did not want to leave.
"He doesn't look 20 years old. He spent three years in the Premiership and has almost played more games than me. Now we have to see how he handles all the pressure around him there."