Hertha Berlin and Hamburger SV have agreed a swap deal involving forward Pierre-Michel Lasogga and midfielder Per-Ciljan Skjelbred.
Both players have agreed to season-long loan deals with the opposing club but neither side will have an option to buy at the end of the campaign.
Skjelbred, 26, has made just 26 first-team appearances for Hamburger SV but remains contracted with the club until June 2015.
Meanwhile, 21-year-old Lasogga played a pivotal role in Berlin's successful promotion bid with 22 goals in 64 appearances as Jos Luhukay's side returned to the German top flight.
Hertha Berlin director of sport Michael Preetz believes the switch will be mutually beneficial for all parties concerned.
"These transfers will help both clubs and players," he told Sport1 media.
"Pierre-Michel (Lasogga) is a great forward, he is a little unsettled as he did not break into our first-team this season.
"Per-Ciljan Skjelbred is a midfielder that will be helping us in the middle of the park during the rest of the campaign."