According to the Mirror, the Austrian-based energy drinks firm is on the lookout for a suitable club, with Anglophile coach Ralf Rangnick, sporting director of Red Bull Salzburg, heading the search.
As well as current Austrian league leaders Salzburg, Red Bull already owns clubs in Germany, New York, Brazil and Ghana, the report said.
The company's sporting assets also include two Formula One teams: Red Bull Racing and Scuderia Toro Rosso, the report added.
Now coach Rangnick, who almost got the Everton job in the summer, has been tasked to find a club in England for their latest move into ownership, the report further said.
An insider in the deal said that Red Bull wants to take a team into the Champions League as it is the only market they have not reached yet, adding that ideally this would be in the London, but both Everton and Liverpool interest them too because it would not take much to get them to that level.
The source said that they have looked at the Championship, but one can spend fortunes there and not make any progress.
News of Red Bull's interest is spreading rapidly and there should be no lack of willing sellers, according to the report.
The company's Formula One success, with Sebastian Vettel taking them towards a fourth straight title, has put them on the map, but buying a club in the 'home' of football could be their biggest coup yet, the report mentioned. (ANI )