The Championship side need to bolster their attacking options following Benik Afobe's departure for Bournemouth.
Afobe completed a move to Premier League side Bournemouth for around £8m earlier in the month (via Sky Sports), leaving Jackett trying to work out who he could bring in that would be able to help the club forget about losing their top goalscorer.
The Irish Sun claims that Cardiff's breach of Financial Fair Play will see them try to cash in on some of their players this month, and Mason could be one of those that jumps ship before the end of the window.
The 24-year-old has done quite well this season, having scored six times in 22 league appearances, but was particularly impressive when Cardiff and Wolves met last weekend, setting up one of the Bluebirds' goals as they came away from Molineux with a 3-1 win.
Should Wolves get their man, Mason will be following in the footsteps of Adam Le Fondre, who is currently on loan from the Cardiff City Stadium.
And while Jackett has normally adopted a system which involves playing one striker, he may be tempted to see if the pair's previous experience together means that they can form a partnership that will fire the side right into play-off contention.