The Chelsea talent is a former Celtic youngster.
The player in question is Chelsea striker Islam Feruz. He joined Blackpool on loan in January until the end of the season but a week ago that deal was cancelled early.
The striker, who was described as a wonderkid at Celtic, will be known to the manager from his time coaching The Bhoys.
Bolton need a new striker after an injury ruled Zac Clough out for the season and Lennon is believed to be considering a youth loan for the 19-year-old - who left Celtic in controversial circumstances back in 2011.
One stumbling block would be the amount of loan players the club already has on their books, but Feruz will undoubtedly be hoping a move comes off.
It has certainly been an interesting season for the former Scotland under-21 international.
He joined Russian second division side Krylia Sovetov on loan this summer. The deal was definitely done. He was even snapped in his new club's training gear.
But the striker, who has been compared to Brazilian legend Romario in the past, was back in London just two days later after cancelling his deal within 24 hours saying he was not yet ready for such a 'dramatic change in his life'.
On transfer deadline day he did finally go out on loan, joining Greek Premier League side OFI Crete. The Greek strugglers, currently managed by Gennaro Gattuso, were more than happy to bring in the former Celtic youngster.
He then had his spell at Blackpool, where he played just twice before being sent back to Chelsea.
Time will tell if Lennon makes the move to bring him to the Macron Stadium in an attempt to kickstart his flagging career.