The 18-year-old midfielder's emergence into the Cobblers first team this season has caught the eye of Nottingham Forest, Coventry City and Reading claim skysports.com.
Jacobs has made 28 appearance already this season, notching 4 goals, including netting against Liverpool at Anfield.
Ian Sampson meanwhile has confirmed that he has made a second bid for a striker to follow up the offer on the table for Burton's FA Cup hero Shaun Harrad.