Manager Roy Hodgson admits he does not know how far along negotiations are for the goalkeeper, who would replace Scott Carson, but would be pleased with a loan or permanent deal.
The former Manchester United goalkeeper could, according to reports, leave Championship side Birmingham on loan as the Midlands club looks to reduce its wage bill after dropping down from the top flight.
Asked about Foster, who would fill the gap left by Scott Carson, Roy Hodgson told reporters: "I am aware of our interest but I am not aware of how far down the line we are with our negotiations with Birmingham, so I can't make any comments on that.
"But Ben Foster is a goalkeeper who interests us and if we can get him to West Bromwich Albion on loan or on a permanent deal, that would be something we would be very happy about."
Albion are also thought to be interested in former Manchester United midfielder Owen Hargreaves, who is available on a free transfer, and Reading striker Shane Long, with Hodgson previously saying that he had two unnamed "major targets" this summer.
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