The People says Toon owner Mike Ashley will not fund major signings in January but Berbatov turns 33 next month and has only six months remaining on his Fulham deal so would be available for around £2million.
Newcastle boss Alan Pardew is believed to regard Berbatov as an intriguing option, knowing he may be unable to keep loan star Loic Remy on Tyneside.
But Berbatov's camp believe either Tottenham or Arsenal could yet join the running for his services. Turkish clubs Galatasaray and Trabzonspor both want to sign Berbatov but the striker would prefer to stay in England.
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