The former Liverpool striker, 26, has recently been sidelined until the end of the season, leaving Hammers boss Sam Allardyce short of options up front.
The gangly target man has had a decent season when he's been fit enough to play with five goals in 14 appearances, but he's missed far too much time to justify keeping him in the eyes of the West Ham board.
The Daily Mail report that West Ham are willing to cut their losses and sell Carroll this summer, less than two years after completing a permanent move to Upton Park in a deal believed to be worth around £15m.
Whilst he's ideal for Sam Allardyce's style of play, 'Big Sam' could well be leaving East London at the end of the season when his contract expires, where a new manager may not be quite so willing to build his team around the relatively one-dimensional striker.
According to the report, Carroll's former club Newcastle United are interested in bringing him back to his boyhood club, but are only willing to offer £8m for him - around half of what West Ham paid in 2013.
After his exit to Liverpool in January 2011, it's unknown just how readily Newcastle fans would welcome him back to St. James' Park, but if he can stay fit, then he'd be a superb addition for the Magpies.
That's a big if though in Carroll's case - and the Daily Mail also suggest that any deal would entirely depend on how Carroll recovers from his latest injury.