The 19-year-old striker took in a couple of disappointing loan spells last season with OFI Crete and Blackpool.
The Mail are reporting that young Chelsea talent Islam Feruz is a loan target for a trio of Championship clubs ahead of the new season, with relegated pair Burnley and Queens Park Rangers joining MK Dons in tracking the forward.
There is also interest from abroad, according to the Mail, with Ligue 1 side Lorient and La Liga outfit Getafe eager to bring the hugely promising player in.
Feruz controversially departed Celtic in 2011, leaving the Bhoys for Premier League side Chelsea despite the Glasgow club playing a huge part in his family being able to stay in the UK.
The forward continued to feature in the Scottish youth levels immediately after his move, but despite being one of Scotland's most outstanding talents, he has failed to appear in nearly two years at Under-21 level.
Now 19-years old, Feruz wasn't able to make any kind of breakthrough in either of his loan spells last season either, first on loan with Greek Superleague side OFI Crete, and then Blackpool in the Championship. Both clubs ended up getting relegated, with Feruz getting 5 appearances in total between the two loans.
What next for Feruz?
Obviously it's vital that the forward's career doesn't suffer another stalling loan, having turned out for just 16 minutes for the Seasiders last season, despite them being in dire straits down at the foot of the division.
The Blues will have to be seeking assurances from whichever side they loan Feruz to that he will be in or around the match day squad.
If no Championship or foreign club can promise that, it may be better for the youngster to continue to develop in the academy for another season.