With the Blades having effectively secured their Premier League status for another 12 months, club officials are already looking at potential targets for the summer.
According to reports in Greece, the Yorkshire outfit hold an interest in Camara, who has impressed for Olympiacos this season.
The Guinea international has made a total of 23 appearances in the Greek top flight and the Champions League, while the 22-year-old is due to play against Arsenal in the Europa League on Thursday night.
The report claims that Sheffield will have representatives present at tomorrow's first leg or the reverse fixture at the Emirates Stadium.
Camara, who is regarded as the perfect fit for Chris Wilder's three-man midfield, may cost in the region of £17m.