The 29-year-old wants to quit La Liga outfit Sevilla after two years in Spain and his agent Christophe Magoui told BBC Sport that Kanoute wants to move back to England.
If Owen Goes - Kanoute Moves In
Magoui: "We have interest from the three Premiership clubs but have not had a firm bid from any as of yet.
"But Fredi wants to leave Sevilla and his first choice destination is England and the Premiership. The cost to sign Fredi will be £6.7million.
"Would Fredi want to link up again with Harry (Redknapp his old manager)? Sure, why not?
"No clubs in Spain have registered any interest in Fredi but he has made up his mind that he wants to return to England anyway."
But Newcastle would be a far more tempting offer for the striker, and Big Sam would go that extra yard financially to bring one of Europe's hottest strikers back to England.