Out-of-favour Atletico Madrid striker Javi Moreno says he is considering an offer to join English Premier League side Bolton Wanderers on loan until the end of the season.

"I'm flattered that a team is interested in me because it shows that I am not finished," the former AC Milan player told reporters after training on Tuesday.

"At the moment I am not sure if I want to leave, though, and I'll have to think it over carefully because it is an important and difficult step to make.

"The two clubs have been in negotiations and Atletico told me about it yesterday evening, but I haven't spoken directly to Bolton."

Bolton boss Sam Allardyce said some serious negotiating was needed before a deal could be concluded.

"We know all about Javi and we are showing an interest in him but it will all come down to reaching an agreement with him and his club," he told Bolton's website.

Moreno joined Atletico from AC Milan for $13 million in 2002 after they won a return to the top flight following two seasons in the second division.

But the 29-year-old has failed to earn himself a regular place in the starting line-up and has spent most of the last two seasons on the bench.

Moreno, who has won five caps for Spain, had a similar experience when he moved to Milan in 2001 following an outstanding campaign with Spanish side Alaves.

He played a key part in Alaves's surprise run to the 2001 UEFA Cup final, which they lost 5-4 to Liverpool, and was one of the top scorers in the Primera Liga that season with 22 goals.

Bolton chairman Phil Gartside has said the club would not have any extra money for transfers in January, despite it having a new owner. Eddie Davies took over ownership of Bolton on Monday after increasing his shareholding to 94 percent.

Bolton are currently in 12th position in the English Premier League.