Christian Falk (german version of Fabrizio Romano, expert of Bundesliga topics) reported few days ago that Bayern is not interested in Hakimi. They have Pavard who is excellent and they are chasing Serginho Dest as his fallback as far as I know.
City on the other hand struggles with FFP and have Cancelo and Walker on his position, so they would need to offload someone firstly.
If Real Madrid wants to sell, there is a huge opportunity for Inter. Hakimi is a wingback, he can play as fullback as well, but he struggles often in defence while playing as wingback he can unleash his assets and hide his drawbacks. Zidane seems to like more defensive players like F.Mendy or D.Carvajal, so that can be a reason. But generally it would be strange for me that Real Madrid wants to sell him.