The report states that the Green Crocodiles are in talks with the Bulgarian international’s agent and have set aside €3 million for his contract and signing on fee.
The 34-year-old’s contract with Monaco expires at the end of the month.
Berbatov has provided two assists and nine goals in 38 appearances for Monaco in all competitions this season.
The Green Crocodiles are intent on signing a star name for the opening of their new stadium next season.
Bursaspor’s new stadium project, the Timsah Arena is expected to be completed this summer.
Timsah actually means Crocodile in Turkish and it ties in with the clubs nickname – The Green Crocodiles.
The new stadium will have a 45,000 capacity and is being constructed within the vicinity of the regeneration of the Osmangazi area of Bursa.
The Timsah Arena will incorporate a crocodile head design making it one of the most unique stadiums in football.