Inzaghi has been at Milan since 2001 and has racked up 125 goals in 294 appearances for the Rossoneri.
However, his increasing years have restricted him to just nine league appearances in the last two seasons, and there has been plenty of speculation suggesting Milan are ready to let him depart when the transfer window reopens in January.
And Novara coach Attilio Tesser admits he would be more than willing to sign the 38-year-old to add firepower to his side, in their bid to avoid relegation from Serie A.
"It would be a great feeling to coach Inzaghi," Tesser said. "He is a player that any coach would like [in their squad].
"I know he is a great professional and it would be nice - it's a dream, but it's also one of many [other clubs].
"I've said it publicly that if it were possible, we would be interested."
Tesser also spoke out in support of strikers Riccardo Meggiorini, Takayuki Morimoto and Pablo Granoche, who have so far failed to deliver the goals for Novara.
"We hoped that Meggiorini, Morimoto and Granoche would give us the goals that we lack, but they still have time to do it."
A January transfer looks extremely likely for Inzaghi, especially with the likes of Zlatan Ibrahimovic, Robinho, Alexandre Pato, Kevin-Prince Boateng and Antonio Cassano ahead of him in the pecking order.