The Daily Mail reports that Jol wanted the statue as he has "an eclectic art collection and made it clear he was prepared to pay £20,000 to have Jacko in his garden."
However, provisional talks with the statue's owner Mohamed Al Fayed were ended when Jol was sacked as Fulham manager in December.
The 7ft 6in statue has been sitting in a warehouse since new Fulham owner Shahid Khan removed it soon after purchasing the club from Al Fayed.
However, it is soon to go back on public display, with Al Fayed having struck a deal with the National Football Museum in Manchester to display the piece.
Fayed said: "The National Football Museum is a splendid institution. The statue means a great deal to me and my family. But on reflection, I decided it should go to a place where it can be enjoyed by the greatest amount of people for ever. I think Michael would have approved of the choice. Like football itself, he entertained the world."
The National Football Museum added: "The story behind the statue and its relationship with Fulham would certainly make for a thought-provoking addition. We are very grateful to Mr Al Fayed for offering to donate this important item."’
The statue was originally erected behind the Hammersmith Stand at Craven Cottage in April 2011 at the request of Al Fayed, who was close to Jackson.
Some Fulham fans fiercely opposed the decision to erect the statue, but Al Fayed responded by telling them they could "go to hell...or Chelsea".
Al Fayed sold the west London club to Khan last July and, after consulting with supporters, the American businessman decided to pull the statue down.
Jackson, who died of an overdose in 2009 at the age of 50, watched Fulham play Wigan at Craven Cottage as a guest of Al Fayed in 1999.
- Mohamed Al Fayed
- Michael Jackson
- Craven Cottage
- National Football Museum