Swansea have had a £12million bid for their former striker Wilfried Bony accepted by Manchester City.
It is understood Bony will now undergo a Swansea medical on Thursday afternoon and complete a return to the club he left for £28m in January 2015.
Swansea wanted to sign Bony before the departure of Spain striker Fernando Llorente was finalised.
Tottenham have emerged as favourites to sign Llorente, despite Chelsea's long-standing interest in the striker, after Swansea accepted a Spurs bid for the 32-year-old World Cup winner.
Bony proved a huge hit in south Wales before joining City – the 28-year-old scored with 34 goals in 70 appearances and was the Premier League's top goalscorer in the calendar year of 2014.