The 21-year-old signed professional terms at Craven Cottage in 2012 after joining the club from Liverpool's youth set-up two years previously.
But the Sweden international has not played for Martin Jol's side since their 4-1 FA Cup defeat to Manchester United on 26 January.
That has alerted Burnley boss Sean Dyche and the Clarets are understood to have come in with a loan offer for Kacaniklic.
He has scored three goals in 19 appearances for Fulham and also featured in Sweden's 4-2 win over England in November.







