Ranocchia, 27, has been a regular for Inter over the last five years, racking up over 150 appearances for the Italian giants in the process.
However, Roberto Mancini's men have now snapped up two centre backs this summer, bringing in Jeison Murillo and Miranda from Granada and Atletico Madrid respectively, pushing Ranocchia down the pecking order at the San Siro.
Subsequently, Ranocchia could leave this summer - and TMW report that both Crystal Palace and West Ham have made contact with Inter over a potential move for the centre back.
An Italian international with 20 caps to his name, Ranocchia has plenty of pedigree - whilst also possessing great size and aerial ability.
West Ham move looks unlikely
West Ham are certainly splashing the cash this summer, and have signed two Serie A stars already in Angelo Ogbonna and Pedro Obiang, meaning the Hammers could well look to Italian football for reinforcements again.
However, having already landed Ogbonna to partner Winston Reid, it seems unlikely that West Ham would splash out for another centre back, especially with James Tomkins, James Collins and Reece Burke also in contention.
A move to Palace is far more plausible, given that Alan Pardew may seek a long-term partner for Scott Dann in the heart of his defence - and having snapped up Yohan Cabaye already this summer, the Eagles may be ready to open their wallet again for Rannocchia.