Jordanian billionaire Hasan Abdullah Ismaik is in talks with four English clubs regarding a potential takeover, report The Mail.
Ismaik is currently the owner of German club 1860 Munich, but ownership rules in the country prevent him from having above 49 per cent voting rights on the board, and he is now planning on switching his investment to England.
He is quoted declaring his intentions: "The difficulties we are facing in Germany mean we are kind of regretting not coming to the UK and we think we should now come and buy a club here and invest in a country where football is so entertaining and passionate.
"English football is full of big teams with big histories and with an incredible league and great support from the federation for the small teams and investors.
"There are also the rules that encourage and help investors and give them a hand so that they can make their clubs successful. It might take a month, it might take three years but we are considering investing in a club in England."
Who could it be?
A number of clubs in England have benefited from overseas investors in recent years, with Chelsea under Roman Abramovich and Manchester City with Sheikh Mansour title winning examples.
Other with less success include QPR, while last season promoted clubs Bournemouth and Watford both benefited from big investment.
A number of clubs are hoping to land substantial investment in both divisions who would fit the profile Ismaik is seeking.
One is relegation threatened Aston Villa, whose American owner Randy Lerner is seeking a buyer having been keen to sell since the summer The Mail reported, while West Bromwich Albion owner Jeremy Peace was on record earlier this year stating he would sell if a deal could be concluded quickly, The BBC reported.
In the Championship Wolves were declared up for sale by owner Steve Morgan earlier this season, The BBC reported, while Leeds United owner Massimo Cellino has the club up for sale, The Mirror report, despite calling off a deal to negotiate with the club's fans.
Bolton are in advanced talks regarding a takeover themselves, according to The BBC, but Ismaik could be on the radar should anything fall through.
It was reported by The Times this week that Everton are in talks with US investors over a £200 million takeover.