The Nigerian's future at Vicarage Road is up in the air as the Hornets close in on a move for AC Milan forward M'Baye Niang.
The 22-year-old's arrival could mean Ighalo is shown the door and he is the subject of interest from West Brom.
But now, according to France Football, Hebei China Fortune are also considering a late swoop for the Watford forward.
The Chinese club, who are coached by former Manchester City boss Manuel Pellegrini, are in the market for an attacker this month.
Ighalo is reportedly one of their top targets and they could force through a deal if the price is right.