Last season's status:
City’s ‘homegrown’ players – 12: Angus Gunn (loan), Sean Raggett, Grant Hanley, James Husband, Jamal Lewis, Harrison Reed (loan), Marcus Edwards (loan), Louis Thompson, James Maddison, Josh Murphy, Matt Jarvis, Marley Watkins
Loaned ‘homegrown’ players – 6: Remi Matthews, Russell Martin, Adam Phillips, Ben Godfrey, Todd Cantwell, Carlton Morris
Players who don’t qualify – 17: Michael McGovern, Ivo Pinto, Christoph Zimmermann, Timm Klose, Marcel Franke (on loan), Marco Stiepermann, Mario Vrancic, Tom Trybull, Alex Tettey, Kenny McLean (on loan), Wes Hoolahan, Onel Hernandez, Moritz Leitner (loan), Yanic Wildschut (on loan), Steven Naismith (on loan),Nelson Oliveira, Dennis Srbeny
As others have said, it's 6 homegrown players, plus a club-developed player. That last criteria shouldn't be a problem, Lewis and Matthews will surely be in most matchday squads.
As for the rest: Hanley and Murphy will make most squads, plus you'd expect one of Thompson or Godfrey, if not both. Beyond that whilst I'd expect us to have the players, it looks like it'll have a slight impact on who makes the bench. It's another reason why I could see Morris being involved this season.