The enigmatic Bulgarian looks set to leave Craven Cottage after his agent revealed that the ex-Manchester United man is unhappy in West London.
Berbatov has often been lauded for his technical ability, but his lack of work rate and apparent apathy when on the field of play have been lingering concerns for some time.
However, that is unlikely to deter the Premier League trio, who may all offer the 32-year-old the opportunity of one last big move.
Berbatov made his name in England with Tottenham, and Andre Villas-Boas might consider a deal to bring him back to White Hart Lane.
Roberto Soldado’s struggles in front of goal have been well documented so far this term, and with Jermain Defoe and Emmanuel Adebayor edging towards the exit door a new forward may be needed to cover the Spaniard.
Arsenal are similarly in need of more options in the final third, with Olivier Giroud currently their only top class option.
‘Berba’ would certainly fit the Gunners’ silky playing style, but it remains to be seen as to whether Arsene Wenger will be keen to take a risk.
Brendan Rodgers could also make a move, with the Liverpool boss growing increasingly aware of his lack of attacking depth following Daniel Sturridge’s injury.