Former Roma president and chairman James Pallotta gave up reigns at the capital club in 2020, after a eight year stay that culminated with The Friedkin Group taking over club ownership.
The American billionaire business magnate has been seeking a way back into football management, even being linked with Newcastle United prior to their Saudi-led takeover.
The 63-year-old has now strongly been linked to taking over Serie C side Palermo, according to Il Giornale di Sicilia (via VoceGiallorossa).
He has already begun talks to acquire the Sicilian side, who have been plagued by financial instability in recent times.
Rosanero president Dario Mirri was reportedly on the receiving end of contact from one of Pallotta’s agents.
However, this contact was initiated back in October regarding a potential sale, with no talks having been held post that period. It remains to be seen whether the negotiations for ownership takeover have re-opened.
The 2020/21 season was Palermo’s first appearance in the Serie C after 19 years, following promotion from Serie D in 2019/20. The club ended the season in 7th position.