Leicester City are hoping to complete the signing of Croatia striker Andrej Kramaric soon.
City have been locked in talks to sign the 23-year-old Croatian, along with Chelsea, who were the favourites to snap up Kramaric, who is hot property after scoring 28 goals in just 24 appearances this season for club HNK Rijeka and the national team.
However, Chelsea have refused to go higher than the £8 million offer they have submitted to Rijeka and City appear to have been successful in persuading Kramaric he would be better suited at the King Power Stadium.
Reports suggest City have met the club's valuation with a package deal that could eventually be worth £9.7 million, which would eclipse the £8 million they spent on Leonardo Ulloa in the summer.
Kramaric's father and representative, Josip, said Chelsea's failure to guarantee Kramaric would be part of their first team squad next season and would not be sent out on loan has also been a factor.
"Unfortunately, we couldn't agree one term with Chelsea and that was the guarantee that Andrej would return to Chelsea at the end of the season," Josip is quoted as saying by Goal.
"No-one at Chelsea could guarantee us that and that was our priority."
The unconfirmed reports suggest that Kramaric, who has been on City's radar for some time, will undergo a medical with City tomorrow and City are certainly trying hard to complete a deal quickly, but are certainly not complacent as Chelsea may come in again at the last minute to scupper the deal.
City are in the market for more firepower to boost their Premier League survival hopes and even if they are successful in closing the deal for Kramaric they may look to bring in another forward, with Jermaine Defoe and Anderlecht's Aleksandar Mitrovic possibilities.
Meanwhile, City are expected to step up their efforts to sign Wigan midfielder Shaun Maloney and manager Malky Mackay admits keeping hold of his star player could be out of his hands.
Mackay has admitted the Latics have turned down one offer already for the midfielder, understood to have been made by City, who are expected to return with a renewed offer.
"There have been four or five enquiries on Shaun," admitted Mackay.
"One bid has been rejected, and we will play that by ear.
"He has massive quality, but he has six months left on his contract, it's frustrating.
"There's not much I can do about that. It's something that may be out of my control.
"Obviously I want to keep my best players but that is not always something you can do."
City are expected to announce their first signing of the window in the next couple of days, goalkeeper Mark Schwarzer.
The 42-year-old is joining City from Chelsea on a free transfer.