Sky Sports understands Liverpool midfielder Jay Spearing has agreed to join Bolton on loan.
Skysports.com revealed earlier this week Bolton were one of five clubs hoping to sign Spearing before Friday's transfer deadline.
Bolton boss Owen Coyle is a big admirer of Spearing and sees him as a key addition to his side as he look to mount a bid for promotion back to the Premier League at the first attempt.
Liverpool are willing to let Spearing move on as the recent captures of Joe Allen and Nuri Sahin have pushed the local-born midfielder down the pecking order at Anfield.
A number of clubs were thought to be keen on signing Spearing on a permanent basis, but the 23-year-old has decided to go to Bolton on loan for six months as he sees his long-term future at Anfield.
Bolton are hoping to tie up a deal in time for Spearing to make his debut against Hull City this weekend.