La Stampa reports that Schalke are looking to strengthen their attack before the transfer window closes.
Schalke could make a move for Macedonia international Pandev, should Jefferson Farfan leave the club this summer.
Pandev’s current contract with Inter Milan is set to expire in the summer of 2014.
Schalke face competition from the likes of Wolfsburg, Malaga, Villarreal and Atletico Madrid for Pandev.