City captured the Premier League title on Tuesday after crosstown rivals Manchester United suffered a 2-1 defeat to Leicester City at Old Trafford.
With both the League Cup and the Premier League trophy secured, City will now hope to add their third major piece of silverware this season in the form of the Champions League title.
Speaking after United's defeat, Savage made a bold claim that Guardiola is the "best manager I've witnessed in the Premier League."
The 46-year-old Welsh pundit told BT Sport: "Especially to think when [City] lost at Spurs, they were 14th in the table.
"He then evolved the side, put [Joao] Cancelo into the team, brought him into a midfield position -- a free role -- amazing performances.
"Pep improves players and that side is incredible. For me, the best manager I've witnessed in the Premier League."
Savage's claim on Guardiola was swiftly dismissed by United legend Rio Ferdinand.
Responding to Savage, Ferdinand simply said: "Just like Chris Sutton said, you should go and get your coat."
Savage laughed off Ferdinand's response as he explained why he would rank Guardiola ahead of Ferguson as the Premier League's best manager.
And the former Wales international added that Guardiola would become the "best ever" if he managed to lead City to the Champions League title this season.
Savage explained: "Listen, the reason I'm saying this: Sir Alex, the record he has, but overall, at Bayern [Munich], Barcelona and Manchester City -- the way teams from the Premier League down to grassroots play like Manchester City.
"I've never seen anything like it. Listen, he's won trophies with teams he should win trophies with.
"If he wins the Champions League with Man City, for me, the best ever."
United legend Gary Neville has even admitted that Guardiola might be the best manager of all time after an illustrious trophy-laden career.
City will compete in their first Champions League final on 29th May against Premier League rivals Chelsea in Istanbul.
Featured Image Credit: PA
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