Peterborough have allowed Scott Rendell to join Torquay on loan, and Kieran Charnock could be set to join him.
Striker Rendell has agreed a season-long deal with the Gulls, who are preparing for life back in the Football League this season.
Meanwhile, a fee has also been agreed for centre-half Charnock to make a move to Plainmoor.
Posh director of football Barry Fry told the Peterborough Evening Telegraph: "We have accepted a bid from Torquay for Charnock plus plenty of add-ons should he be a success down there.
"Torquay have offered him a two-year contract, but he has yet to agree to the move.
"Scott did originally turn Torquay down. He's not keen on a permanent move there, but he has agreed to join on a year-long loan, for which we have received a fee."