The 32-year-old Mihajlovic is reported to be unhappy with the likely signing of Cannavaro and is now looking to leave Rome and one option is join the Teesside outfit, who are one of a few clubs who could match his wages.
Another factor which could persuade the Yugoslav to move to the North East is former Biancoceleste team-mate Alen Boksic - who has been Boro`s best player this season. Mihajlovic also knows Middlesbrough`s Christian Karembeu having played with him at Sampdoria for two years.
The Cannavaro deal has long been suggested and the move for some 70 billion lira (£22 million), looks to get the green light in the summer.
Parma are believed to have been offered Paolo Negro, Simone Inzaghi or Roberto Baronio in exchange and one of those players should move, in a similar way to which Sergio Concecaio and Mattias Almeyda were involved in the Hernan Crespo deal.
Another Lazio defender who could be leaving is Fernando Couto, who is being watched by Newcastle.
Magpies boss Bobby Robson is to watch the cultured 31-year-old play in Portugal`s crucial World Cup qualifier against Holland on Wednesday.
