The Bradford Bulls are closing in on the capture of Sydney Roosters' Adam Henry following positive takeover talks with the Rugby Football League on Tuesday.
The RFL have yet to sanction the club's change in ownership and until the green light is given to Andrew Calvert, Ryan Whitcut, Mark Moore and Ian Watt the Super League club are unable to make new signings.
The club's new Board of Directors submitted proof of funding last week and on Tuesday met with Nigel Wood and Blake Solly to present their long-term business plan.
The Bulls' prospective new owners are hopeful of having their bid ratified by the end of the week which will then enable them to complete the capture 22-year-old utility back from the Roosters.
"We have had a very positive meeting with the RFL (on Tuesday) and have been given assurances that the RFL will move as quickly as possible to conclude the process of changing control," co-owner Whitcut told the club's official website.
"Both Nigel Wood and Blake Solly were impressed with what we have produced for them and the quality of the new directors announced in the last couple of weeks.
"We are hoping that things should be sorted out by the end of this week. We are now also in a position to proceed with the signing of Adam Henry from Sydney Roosters, which is really positive news for the club and its supporters."
RFL director of standards and licensing Blake Solly says every effort is being made to finalise the takeover process as swiftly as possible.
"It was good to meet with the new Board of Directors and hear their commitment to the club, the players and the supporters," he explained.
"We are moving as quickly as possible to conclude the process of approving the change of control, and I wanted to take this opportunity to thank the directors of the club for assisting in the process."