Aston Villa beat Latics to the £4million capture of Harewood from West Ham earlier this week, so Hutchings has been forced to look elsewhere.
The new Latics chief has been busy bolstering his squad since replacing Paul Jewell at the JJB Stadium, but has only added free transfer Antoine Sibierski to his attacking options.
LuaLua was in and out of Harry Redknapp's starting line-up last season - and is even further down Pompey's striker pecking order following the summer arrivals of David Nugent and John Utaka at Fratton Park.
Hutchings sees the Congolese star as the perfect foil to powerhouse Emile Heskey, according to The Sun, and is pondering a £3.5million bid for the 26-year-old having already earmarked that money for Harewood.
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