Kenny Jackett's side are 13/8 on to sign the talented midfielder, who could be sold to raise funds for the struggling Trotters.
Bristol City are second favourites at 5/2, despite Clough turning down a switch to the club, news confirmed by Steve Cotterill [via The BBC], although the manager's sacking last night could perhaps change that depending on the plans of whoever is appointed and their ability to persuade him otherwise.
Premier League side Everton lag behind in the betting at 12/1, with promotion chasers Middlesbrough at 12/1 and Sheffield Wednesday at 16/1.
He is listed at 9/4 to stay at Bolton, pending the close of the transfer window.
Clough, 20, is under contract with Bolton until 2019, but the club are bottom of the table and remain in debt.
He has made 13 league appearances for Neil Lennon's side this season, scoring three goals.