The Ecuadorian ace currently plies his trade with Russian giants Lokomotiv Moscow, but is thought to be ready to leave the club this winter.
Allardyce is keen to offer him a route back to the Premier League, after being impressed with his displays since he left the Etihad Stadium.
Caicedo enjoyed a fine loan stint with Levante before switching to Lokomotiv, where he has continued to show a lethal edge in front of goal.
‘Big Sam’ sees him as the ideal man to holster his attack and provide him with a genuine option in the final third.
Andy Carroll’s injury issues have seen the Hammers short of options, with Mladen Petric and Carlton Cole, both of whom arrived on free transfers once the summer window had closed – having failed to make any impact.
Allardyce has often fielded a team without a recognised striker, which has resulted in his side netting a meagre nine goals – only rock-bottom Sunderland have a lower return.
Caicedo is seen as a perfect candidate to offer the Irons a forward-thinking threat, and could be the subject of a serious offer in the New Year.
Could Felipe Caicedo score the goals West ham need to avoid relegation?
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