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Arsenal, Liverpool and Tottenham have all been tracking the England defender, whose recent fine run of form has also drawn the attention of the Italian giants.
Roma recently sent a team of scouts to monitor the defender’s progress.
While some reports claim that Arsene Wenger will definitely mount a bid for the player in January, others reckon it is unlikely he will make an offer, having already spent a considerable sum in bulking up the Gunner’s defence in the summer.
Cahill has a buy-out clause in his contract and a January transfer could be on the cards for the defender.
Although Owen Coyle is unwilling to sell his prized asset, Bolton chairman Phil Gartside has lately revealed that mounting debts may force the club to sell the defender, along with record signing Johan Elmander, who was on the score-sheet once again in Bolton’s epic 3-2 victory over Wolves on Saturday.
The possibility of playing in Italy's Serie A with Roma could prove too tempting to resist for the Bolton skipper, who has been at the centre of the Trotters' impressive climb to fifth place in the Premier League table.