Northampton have offered a contract to Hungarian defender Gabor Gyepes until the end of the season.
The defender is a free agent after being released by Wolves in April 2007 after an injury-hit spell at Molineux.
Gyepes suffered a cruciate knee ligament injury three months after agreeing a two-and-a-half-year deal with Wolves in 2005 and the Hungary international was then allowed to leave the Midlands club to continue his rehabilitation.
However, Northampton manager Stuart Gray is now thought to be on the verge of offering the 26-year-old terms at Sixfields.
Gyepes, who has 22 international caps, has been training with Hungarian side Ferencvaros and he featured for Northampton's reserves in a recent friendly with Peterborough.
And Gray is hopeful of completing the signing of Gyepes after watching him partner former Wolves star Joleon Lescott, who is now at Everton, in defence.
"Gabor was a quality player when he was at Wolves. He and Joleon Lescott were the partnership at the time," said Gray
"Joleon has obviously gone on to bigger and better things but Gabor was playing the better football before he got his bad injury.
"We are hopeful of extending his stay with us until the end of the season. He has got about 20 caps for Hungary so that shows what a good player he is.
"It works both ways. Because he's been out of the game so long this will give him the opportunity to put himself in the shop window and earn himself a new contract for next season."