Cavenaghi, 31, is out of contract with River Plate in the summer and, despite being a fan favourite and club captain, is reported to have decided that a move elsewhere would be best for both him and the team.
A switch to the US is said to be his favoured option and, with the likes of the Montreal Impact, New York Red Bulls and D.C. United all needing help up top, he shouldn’t suffer from a lack of suitors.
Having begun his career with River, Cavenaghi would go on to score 55 times in 88 league appearances between 2001 and 2004, before sealing a £6.5 million transfer to Spartak Moscow.
It’s wasn’t until a move to Bordeaux in 2007, however, that the four-times capped forward would start to show his best form in Europe, as 22 goals in 35 games during the 2007-08 season saw English interest in his signature hot up.
Tottenham Hotspur were one of the reported suitors, per the Telegraph, with Cavenaghi declaring at the time: "If Tottenham double my salary, I will go and join them. That's the nature of the business I'm in.
"Of course I am interested in joining them. They are a big club, and the English Premier League is currently the best league in Europe.
"I know many Premier League players, even if there are not many Argentinians up there. Carlos Tevez, Javier Mascherano - I know them well. Why shouldn't I follow in their footsteps?"
A move failed to materialise, though, and, as Cavenaghi’s form diminished over the following seasons – scoring just three league goals during the 2009-10 campaign, so too did his hopes of landing a high-profile switch to England.
A move to Sunderland was mooted in August 2010, according to the Daily Mail, but the River product was instead sent out on loan to Real Mallorca and Brazilian club Internacional, respectively, before returning to his boyhood club in the summer of 2011.
After a brief second spell, in which he netted 19 times in 38 games, Cavenaghi moved back to Europe in August 2012 to sign for Villarreal but spent just five months in Spain before making another switch to Mexican club Pachuca.
That too turned out to be just a brief stint, as he returned to River for the third time in 2014 and has since gone on to hit 12 goals in 33 total appearances.
While his Premier League dreams look to be all but over at this point, the Argentine’s past scoring exploits would suggest that he’d prove a worthwhile addition for a number of goal-starved MLS clubs, but his reported plans could well change over the coming months.