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Skysports.com understand, though, there are at least four Premiership clubs ready to fight it out with Everton for his signature.
Leading agent Barry Silkman - Aiyegbeni's representative - confirmed there is concrete interest in his charge.
"There are a number of clubs showing an interest," Silkman told skysports.com.
"I don't want to get specific, but it is pretty strong - although the matter is up to Portsmouth to decide.
"Yakubu is an ambitious player and has done a wonderful job for Portsmouth, which is why there is such interest in him."
Portsmouth chief executive Peter Storrie has stated the club want to build around Yakubu and that most sides could not match Pompey's valuation of the striker.
"We want to keep Yakubu," said Storrie to The Sun.
"I do not think anyone out there is going to make a bid to tempt us - but there are always surprises in football.
"People keep on talking about him going but how many clubs out there can afford him?
"Everton have been linked with him but they are not going to pay more than £10 million for a striker.
"My message to Yakubu is we are building something special here and we want to see him stay long term.
"If he goes to a really big club he will go into a rotation system whereas now he is in a successful team scoring goals. It would not be in his interests to move."
Originally posted by TRD
Thats a lot of money for him, i dunno what clubs would be willing to offer that.
Originally posted by rynaldo82
i heard a rumour that newcastle want to sign him, not sure how true that is.
12 million, i can only see maybe the top 3 willing to spend it,