Kalou has fallen down the pecking order at Stamford Bridge following the arrival of £50million Fernando Torres from Liverpool.
The People reports that Fulham are willing to pay around £5million for the striker while Chelsea would want up to £10million.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.