The Mirror says Elmander is a free transfer at the end of the season when his current deal expires and Wanderers chief Owen Coyle may have to listen to bids for him in January.
Bolton's record buy is having his best run of form under Coyle and has scored five times after looking a broken man under the previous regime.
Coyle wants him to stay - on reduced terms as he trims the wage bill - and Russians Spartak Moscow are also on his trail along with a couple of Premier League sides.
Bolton would want £3million for Elmander in January, a fee the Turks and Russians may pay. And Coyle could only let him go if he had cash for a replacement.