It has been reported by the British tabloid that Russian club CSKA are keen on signing Calleri on loan in January.
The 23-year-old striker joined West Ham United on loan from Deportivo Maldonado in the summer transfer window.
The Argentine’s loan spell at West Ham is supposed to last until the end of the season.
However, according to The Sun, CSKA, who were knocked out of the Champions League at the group stage this season, want to sign the striker on loan next month.
Spanish club Sevilla, who have progressed to the last 16 of the Champions League this campaign, are also interested in recruiting the Argentina Under-23 international on loan next month.
Calleri has struggled to adapt to the Premier League and has been able to make just six appearances so far this season, scoring one goal in the process.
West Ham are third from bottom in the Premier League table at the moment with just 12 points from 14 matches.