Norwich City are currently the favourites to land Clough, but Leeds and Rangers are considered to be one of the more likely destinations for the striker to move to.
Clough is currently 8/1 to move to Elland Road this summer, while he is a 10/1 shot to make a switch to Ibrox.
The youngster is expected to leave Bolton, following their relegation to League One.
Leeds have made it their mission to strengthen their strike force already this transfer window, with both Kemar Roofe and Marcus Antonsson arriving.
However, the Whites should have more money to spend now - after Lewis Cook left to join Bournemouth.
Rangers, meanwhile, are known to be on the hunt for a striker.
Rangers are believed to be closing in on a deal for Leicester City’s Joe Dodoo, but Mark Warburton has already said he could still look to bring another forward to the Glasgow club before the end of the transfer window.