Leicester City manager Nigel Pearson said there has been "some progress" made on signing Esteban Cambiasso.
The deal to bring in the 34-year-old had stalled after Pearson said representatives were "coming out of the woodwork".
The City boss said he was now more hopeful than he was over the weekend of bringing the former Inter Milan and Real Madrid midfielder to the club.
"Cambiasso is still a possibility," said Pearson. "There's been some progress over the weekend so I'm more hopeful than I was on Friday and Saturday."
Pearson acknowledged the need to bring in more players before the transfer window shuts next week, with injuries currently ravaging the midfield, but the City boss insisted he would not simply bring in new faces for the sake of it.
"Two or three. It would be nice to be able to achieve those sorts of additions. But we will have to wait and see," said Pearson, whose side play Shrewsbury tomorrow night at the King Power Stadium in the second round of the Capital One Cup.
Dean Hammond went off with severe cramp at Chelsea at the weekend after feeling unwell earlier in the day but Pearson said the midfielder would be "fine" for this week.
Danny Drinkwater will return to training later this week, which Pearson said would "bode well for the weekend", while Matty James' shin is still sore and the City boss said they would take that "at the right pace" with an international break coming up.
Jamie Vardy is also making progress with his thigh injury and may be in contention for Sunday's visit of Arsenal.
