The England international, who is believed to have been building and designing the new home with his fiancee and TV presenter Christine Bleakley for two years, has been linked with Chinese outfit Guizhou Renhe.
"Frank has invested blood, sweat, tears and a lot of money in the dream house," The Mirror quotes a source as saying.
"Money was no object and Frank wanted to make sure it was a very family-friendly home, so that his daughters especially would love it as much as he did. He's very much looking forward to the first Christmas in the new pad, and showing it off to pals. But now everything could now be up in the air. It is sod's law."
The pair are thought to have enlisted the help of interior designer Kelly Hoppen.