The player's representative Erik Soler admitted that Tippeliga side Lyn had expressed an interest in the 24-year-old former Lillestrom star.
"I can confirm that there have been a request from Lyn," Soler told Norwegian daily VG.
Helguson could be keen on a move as he has found himself out-of-favour with The Hornets this season.
The highly-rated striker, who was the club's first £1 million-plus player when he joined in January 2000, has found himself behind Marcus Gayle, Gifton Noel-Williams and Tommy Smith in the pecking order at Vicarage Road.
The Icelandic international's contract expires at the end of the 2003 season and Watford may be willing to cash-in on him now rather than risk losing him for nothing in when his deal expires
