Both West Ham and West Brom have been quoted by the Standard's report as showing an interest in the experienced Scot, while both sides were reportedly given a boost in their pursuit of the midfielder yesterday when Spanish side Valencia withdrew from the chase.
It is West Ham that are set to win the race for Manchester United's Fletcher, however, say the Standard, with a loan deal said to be agreed until the end of the season.
That loan move will have a view to a permanent deal, as Sam Allardyce looks to strengthen his midfield in the hunt for a potential top-six finish in the Premier League this term.
The news, if true, will come as a blow to West Brom, whose priorities lie further south in terms of the standings: avoiding relegation.
Tony Pulis has started well at the Hawthorns, though, winning his first Premier League game against Hull before achieving a 0-0 draw at Everton. Whether Fletcher, 30, has enough quality to benefit either West Ham or West Brom is also far from a given, as the Scot appears to have been deemed surplus to requirements at Manchester United.