Allardyce has been linked with the midfielder in the past and once again speculation is suggesting a move could be on the cards as the gaffer looks to bolster his ranks.
Rumours are rife that Greek club Panathinaikos are on the verge of releasing the player as they cannot offer him the contract he wants and that could open the door for Bolton to make a swoop.
Meanwhile, Bolton captain Jay Jay Okocha has been warned to follow orders for Nigeria - or face being axed.
The experienced midfielder is set to bring down the curtain on his international career by competing for his country at January's African Nations Cup in Egypt.
But Nigeria coach Augustin Eguavoen said: "If he fails to follow my instructions on the pitch, he will be pulled out. Not even my captain is exempted."