City are blessed with a galaxy of attacking talent and have started the campaign with four wins in five games.
Foden has only played 19 minutes of first team football this season after recovering from a foot injury.
He returned off the bench against Red Bull Leipzig on Wednesday to a standing ovation and the City boss is looking forward to playing the young England star in a variety of positions.
“Phil Foden can play in five positions and in every position he will play extraordinary because he is an extraordinary player,” said Pep.
“He was injured and couldn't play in the European Championships final against Italy.
“It was quite a difficult injury. He is still in the process [of recovering]. Phil and everyone had a margin to improve and we’re going to help him do that.”
Adding Foden to the mix will only enhance City’s attacking threat.
With 17 goals scored in the last four matches, it has again underlined the manager’s views on the players he has at his disposal.
When asked if the goal-glut validated the decision not to sign a striker in the summer, Pep said: “When we lose a game, people will say we need a striker.
“What we need to do is play better and we can play better.
“We know we don’t have a player to score 25 goals, so we have to do it as a team.
“Nathan scored a goal from a set-piece, which is so important for us. We will try again tomorrow against a real tough opponent.”