Sky Sports News understands Southampton have agreed a deal with Plymouth Argyle for winger Jason Puncheon.
The 23-year-old is currently on loan at Southampton's League One rivals MK Dons and scored in a 3-1 defeat at St Mary's earlier in the season.
However, his time at MK Dons could be cut short after Saints boss Alan Pardew stepped in with a bid for the wide man.
Plymouth are understood to have accepted Saints' offer for Puncheon, who has scored seven goals in 31 appearances for MK Dons.
Though the Pilgrims have concurred on terms with Southampton, it is thought MK Dons would also have to agree to rip up the current loan arrangement.
Puncheon has been attracting a wealth of interest during the January transfer window with Steve McClaren's FC Twente among his admirers.
Championship trio Watford, Reading and Blackpool have been monitoring his situation, while Charlton Athletic and Leeds United have been linked with bids.