The Blues have offered Calvert-Lewin a new deal in recent days.
Pardew told talkSPORT: “I think every Premier League manager would take him. Whether you could get your owner to say ‘okay, I am going to pay the £40m or the £45m’, whatever he is going to be, it will be less than that given his injuries.
“Chairmen don’t want to go for a player that might only play ten games, but his ten games could be so significant to a manager and it could save his job. He could save you in the league. He could win you a cup. He could get you into Europe.
"That’s the difference he can make when he is on his game. In those last couple of games he played, he was magnificent against Liverpool. There aren’t many players who can achieve the level he can achieve when he is fit. The problem, of course, is his unavailability, which happens to be a bit of an issue for him. Realistically, he could play in any team. I honestly believe that. Even at Liverpool. At times, you could stick him at centre-forward, no problem and you know he would deliver.”