Berbatov is undergoing a medical with the Cottagers as he looks set to leave United.
The highly-rated striker played under Fulham boss Martin Jol, while the Dutchman was in charge of Spurs.
Berbatov is currently behind the likes of Robin van Persie, Wayne Rooney, Danny Welbeck and Javier Hernandez in the pecking order at Old Trafford.
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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.