Commons scored 32 goals under Lennon's stewardship last term and the former Celtic boss says he would love to bring the forward to Bolton for 'the right price.'
But he also admits that his former club will be 'unwilling to let him go.'
“Kris scored 32 goals for me last year. Of course I would be interested in him, at the right price," Lennon told the Daily Record.
“But does Kris want to come here? I’ve never had that conversation. I would be pretty certain Celtic would be unwilling to let him go.
“A month ago he was in talks with the club about extending his contract.”
On Bolton's squad more generally, the ex-Celtic manager said:
“I don’t think there will be wholesale changes. It’ll have to be a gradual process. I knew there was quality here and for whatever reason they have not been producing it. It’s up to me to change that.
“I will look to strengthen in January if I can and if it is financially possible and the right player becomes available.”