Gerard Houllier has made the Scotland international his top target and had hoped to open talks with the Seasiders star in the next few days.
Birmingham boss Alex McLeish is also expected to continue his pursuit of Adam. City are understood to have had an initial offer, believed to be around £2m, rejected.
Charlie in the big-time: Adam (right) is excelling in the Premier League
Blackpool boss Ian Holloway has already indicated he would be surprisedif any of his players wanted to leave this month unless one of theleading clubs expressed an interest.
But that will not stop McLeish maintaining his interest as he closes in on the loan signing David Bentley from Tottenham, subject to him completing a medical.
Out of favour: Blues midfielder Michel could soon be on his way out of St Andrew's to AEK Athens
McLeish also remains optimistic Rangers striker Kenny Miller will moveto St Andrew's despite reports that he has rejected the move.
The former Scotland boss said: 'We are delighted David has chose us because there were half a dozen other clubs interested and he is a quality player.
'As for Kenny, he's not said yes or no. He's not knocked us back as some reports have suggested. Let's wait and see.'
Meanwhile, Birmingham midfielder Michel is wanted by AEK Athens in a loan deal until the end of the season.
Michel has been unable to earn a first-team spot since his £3m move from Sporting Gijon 12 months ago.
An indication of how far down the pecking order he has slipped was youngster Jordon Mutch playing ahead of him in Saturday's FA Cup tie with Millwall after returning from a loan spell at Watford.
West Brom bank on bagging Aston Villa striker John Carew to stop the rotBirmingham target Kenny Miller also wanted by Fiorentina and Marseille Aston Villa offer Reo-Coker in fresh bid to land Newcastle midfielder BartonRovers return: Derbyshire desperate to link up with Bentley at Birmingham
Explore more:People: David Bentley, Ian Holloway, Alex McLeish, Gerard Houllier, Charlie Adam Places: Birmingham, Scotland
Source: Daily Mail
Source: Daily Mail