The Serbian is not impressing during a loan spell at Inter Milan.
Football Italia reported in August that the Serbian had rejected a move to West Ham. The Hammers were reportedly set to bring him in - initially on loan - and then sign him for a fee in the region of £5.9 million.
They were not alone in their reported Ljajic interest. Aston Villa were linked with a move for the player, who once had a long trial spell at Manchester United, by Sky Sports around the same time as West Ham's bid became apparent.
However Ljajic was said to be keen on an Italian stay and instead he swapped Rome for Milan, joining Internazionale on a season-long loan deal.
However the 24-year-old has struggled to make an impact at the club since his summer arrival. It is now reported by Italian source Sport Mediaset that Inter boss Roberto Mancini is considering culling Ljajic in January - making him available again.
Ljajic is set to be moved on, along with Martin Montoya, Yuto Nagatomo and Danilo D'Ambrosio.
It remains to be seen if West Ham and Aston Villa come back in for the talented playmaker.