Chinese group Shandong Luneng are keen to complete a takeover at Bolton and want Sam Allardyce to make a return as boss, according to reports.
Investors from the group are said to have been shown around the ground and are considering an offer to buy the League One-bound club.
The Sun report Shandong Luneng tried to buy the club last year, but talks with owner Ken Anderson stalled.
In recent trips to England, they have been accompanied by ex-Bolton sports scientist Mark Taylor, who worked with Allardyce at Wanderers, Blackburn, Newcastle and Sunderland.
He managed the club between 1999 and 2007 before leaving for Newcastle.
LIVE ON talkSPORT
talkSPORT is your home of live football! Here's what's coming up on talkSPORT and talkSPORT 2...
- Tranmere vs Forest Green (Friday, 7:45pm) – talkSPORT 2
- Aston Villa vs West Brom (Saturday, 12:30pm) – talkSPORT
- Derby vs Leeds United (Saturday, 5:15pm) – talkSPORT
- Sunderland vs Portsmouth (Saturday, 7:30pm) – talkSPORT 2
- Doncaster vs Charlton (Sunday, 12:15pm) – talkSPORT 2
- Tottenham vs Everton (Sunday, 3pm) – talkSPORT 2
- Mansfield vs Newport (Sunday, 6pm) – talkSPORT 2
Shandong Luneng have a club playing in the Chinese Super League, but reportedly want to own an English team.
Despite living locally, the former England boss could be put off by a return as Bolton are set to start next season on -12 points after Anderson and a company acting on behalf of late owner Eddie Davies’s Trust put the club into administration.
On Wednesday, Anderson said there was ‘little or no choice’ but for ‘one of us’ to take action, however a club statement said papers have been filed by both parties.
LATEST FOOTBALL NEWS
“Ken Anderson filed the Notice of Intent to appoint an administrator forms with the (Insolvency and Companies Court) yesterday morning for both Bolton Wanderers Football Club and Bolton Whites Hotel in his position as a qualifying floating charge holder on both companies,” the statement said.
“Later in the day Flidraw Limited, on behalf of the late Eddie Davies’s Trust, also filed similar documents for both Burnden Leisure and Bolton Wanderers Football Club having served demand notices on both companies earlier in the day.”
Allardyce has been out of work since being sacked by Everton last May.