The Greek giants have just won their third successive league title and they are looking to reinforce the squad ahead of the next Champions League campaign.
According to L’Equipe, they have contacted French side Nancy to enquire about star midfielder Yohan Mollo.
The 23-year-old was loaned to Saint Etienne midway through the season, which proved to be an excellent move as the player’s value increased a great deal during the six months at Stade Geoffroy Guichard.
Mollo continued the rich vein of form playing for les Verts, having registered 4 goals and 7 assists in 19 Ligue 1 appearances.
Having been relegated to Ligue 2, Nancy are looking to cash in on their star player and it is believed they are holding out for €4 million.
Olympiakos appear to be leading the race at the moment, but Saint Etienne can be trusted to pursue their interest in the player as well.