With the takeover of Hong Kong businessman Carson Yeung providing the Blues with some buying power, they have begun to target some big-name players for a January move and Shevchenko heads the list.
Shevchenko is currently back in the Ukraine with Dynamo Kiev after a failed stint with Chelsea where he found himself back with AC Milan whom he joined in 1999 but he could now return to the Premier League in what would be a shock move.
Birmingham are said to be keen on a new striker and the 33-year old seems to fit the bill despite having a tough time in England’s top flight when he was at Stamford Bridge.
It has been reported that Yeung is prepared to break Birmingham’s wage structure to sign Shevchenko on a lucrative deal.