Sources in the Welsh capital suggest Bluebirds boss Ole Gunnar Solskjaer has made another swoop for the 27-year-old, having failed with a deadline-day bid in January.

It is believed Royals, who could be set for a takeover any day now, may cash-in on the 2013 Player of the Season as they attempt to cut costs after missing out on promotion.

However, any decision to sell to a rival Championship club like recently-relegated Cardiff could lead to strong criticism from Royals supporters.

Le Fondre, who signed from Rotherham in 2011, is among a host of Reading players due to enter the final year of their contracts at Madejski Stadium along with Chris Gunter, Danny Guthrie, Jem Karacan, Alex Pearce, Garath McCleary and Adam Federici.

When Nigel Adkins’ men failed to qualify for the play-offs last season it was clear the frontman, with 41 goals in 109 appearances for Reading, was unsure about his future.

Le Fondre said after the final-day 2-2 draw with Burnley: “Sir John Madejski has come back and is helping out, but we don’t know if the club can move forward.

“I guess it could be an exciting summer for the fans, but it will be different for the players.

“The club needs a stable backer and the manager needs some money to bring players in. We need to galvanise as a club and come back stronger next season.”

Le Fondre has been given little indication by Reading whether he could be offered a new deal.

Five senior Reading players were released at the and of last season when skipper Jobi McAnuff, Mikele Leigertwood, Kaspars Gorkss, Wayne Bridge and Stuart Taylor were told their contracts would not be renewed.

Le Fondre added: “I’ve been trying to sort things out for 12 or 18 months now, but nothing has progressed. If I’m honest I do not know what will happen with me.

“I guess the takeover determines a lot of it. I’m settled here at Reading but things change quickly in football, you just never know. It’s the same for everyone.”

Meanwhile, Reading chairman Sir John Madejski is believed to have called a board meeting today in a bid to thrash out a solution to the ownership saga.

With reports suggesting Royals owe HM Revenue & Customs £3.2 million in tax, Madejski and fellow owner Anton Zingarevich are eager to hand over the reins to new investors.

Sources say there are offers on the table from Israeli billionaire Teddy Sagi and Mohit Burman from India, as well as previous groups from USA, Ireland and Oman.

It is thought they could purchase Reading FC for £1 then pay off the club’s debt which amounted to £38 million when the club was relegated from the Premier League in 2013.

Sagi is believed to have visited the Madejski Stadium last week to discuss his ambitious plans. They include turning the area around the Madejski Stadium into a retail park with hotel and building houses on the club’s Hogwood Park training ground, with Royals poised to move to a new training facility at Bearwood in the near future.

Sagi, 41, is worth around £1.5 billion according to Forbes.

However, Burman, Indian part-owner of IPL cricket team Punjab Kings XI, is rivaling Sagi’s takeover bid. He is operating under the name Pavilion Sports and is eager to pump cash into the Royals in an effort to win promotion back to the Premier League.

Burman also owns badminton and kabaddi teams in India and is keen to break into English football.