Palermo president Maurizio Zamparini claims a deal has been put in place which will see Kyle Lafferty head to Italy.
The Northern Ireland international left Rangers last summer on the back of their financial struggles, linking up with Swiss outfit Sion.
He managed eight goals in 28 appearances in 2012/13 and made quite an impression on former Italy and Rangers midfielder Gennaro Gattuso.
He has departed a player-manager post at Sion to take the reins at Palermo, following their relegation out of Serie A, and has opted to bring Lafferty with him.
Zamparini is confident the 25-year-old will prove to be a shrewd acquisition for a club that has suffered an alarming fall from grace.
He told Radio Radio: "We have sealed a deal for Lafferty.
"He is someone who can lead the attack by himself, similar to Luca Toni. In Switzerland he hasn't scored many goals, so we hope he can get them here.
"For the moment we are keeping the same skeleton of the side as last year, plus a few important additions. The system will depend on the players, but we're thinking of a 4-2-3-1 or a 4-4-2.
"In attack we have players like Paulo Dybala and Abel Hernandez, plus a few more who will arrive."