The disciplinary committee of the Spanish football federation last Friday fined Kanoute for displaying a shirt in support of Palestine in the Gaza conflict with Israel.
Kanoute - a French-born Muslim who plays for the Mali national team - showed the shirt after scoring for Sevilla in Wednesday's 2-1 King's Cup defeat of Deportivo La Coruna.
Saeid Azari, manager of Iran first division club Zob Ahan Isfahan club, said the club was ready to pay the cash fine on behalf of the player.
Azari told Iran Sports that Kanoute has been asked on his personal website where the money should be transferred to, and that Iran captain Javad Nekounam, who also plays in Spain at Osasuna, has been contacted to inform Kanoute accordingly.
The move by Kanoute was shown numerous times on Iranian television and found great admiration there.