"We are talking to him today and we hope he'll agree to join us," said Souness.
"He's a player we've had an on-off interest in for a while. We are short of left-sided players and the advantage Michael has is he can play at left back, left wing back or left midfield if necessary.
"I always like to have a left-footed player in the team if possible. We've had to play Jonathan Douglas out there recently because of our injury problems but if Michael joins us then he will give us more options.
"I believe Bolton are in for him as well but the boy has said if everything is right then he'd like to come here."