However he could face competition from old rival Roy Keane, now in charge of Ipswich Town, for the player's signature.
Former Sunderland boss Keane is a long-term admirer of fellow Corkman Delaney, who can also operate in midfield.
Iain Dowie, who was Shearer's assistant for the final eight games of last season, knows all about the player from his spell as manager at QPR.