The news follows the reports on Wednesday that the 84-year-old Egyptian businessman, who has transformed Fulham from a third-tier outfit to an established Premier League side since taking over in 1997, is now willing to sell the club.
The Cottagers have declined to comment on the story but it is now being suggested that 62-year-old Pakistan-born billionaire, Khan, who made his fortune as a car parts manufacturer, is the man who is in talks to take over the west Londoners.
Khan, who already owns NFL American Football outfit the Jaguars, has the credentials to take charge of a Premier League club as he is ranked 179th in the Forbes 400 list of richest Americans with an estimated worth of £1.65billion.
The Craven Cottage outfit are also an attractive proposition to purchase given that they are effectively debt-free after Al Fayed converted previous loans into equity earlier this year.
Fulham last week