The Liverpool boss has announced he will leave at the end of the season so Sunday’s 1-1 draw at Anfield was the last time the two coaches will meet in the Premier League.
However, there is the potential of City facing Liverpool in the FA Cup with both sides in the quarter-finals and Lescott says it would make a great final.
“It’s the most respectful and intense rivalry of such high quality there is,” the former City defender said on Matchday Live.
“The Sir Alex Ferguson and Arsene Wenger was magnified and aggressive, whereas this was ultimate respect.
“It would be a good final. I don’t want to get them in the semis. There’s no Anfield, we’d be playing at Wembley so it’s different!”
SUBSCRIBE TO CITY+ TO ACCESS EXCLUSIVE CONTENT
Guardiola and Klopp shared an embrace following the full-time whistle at Anfield and fellow guest Izzy Christiansen said the game was an incredible ending to their battle which has stretched out for the past eight seasons.
“You look at the two managers at the end and if that is the last time, they know that they are that close in terms of what they do, a 1-1 draw in the grand scheme of things might look like a fairytale ending for them both,” she said.
“That one of them hasn’t gone out with a win over the other. The rivalry between those two has been unbelievable to watch.”
The result leaves the title race even closer with Arsenal top on goal difference with City just a point behind.
Former City goalkeeper Nicky Weaver said it was a good point and praised Stefan Ortega Moreno for stepping into a difficult game and remaining unbeaten.
“It’s really difficult coming on as a sub goalkeeper, it’s something you don’t expect to do, it only happens once or twice a season,” he said.
“He came on after Ederson’s injury and was terrific. He made two or three really good saves and was calm in possession.
“The big save was when Andy Robertson whipped it in and Darwin Nunez was there and it looked like he was going to score but he spread himself and that’s a massive save and that’s earned City a point.”
Ex-Liverpool and City keeper David James agreed with his impact and says that his save was a huge moment.
“What a game of football,” the former England number one said.
“Obviously with Ederson coming off, Ortega coming on; Jurgen Klopp was describing Caoimhin Kelleher as the best number two in the world and the biggest save of the afternoon was from Stefan Ortega.”