Former Manchester United youngster Tahith Chong is set for a Premier League return with Birmingham prepared to sell the attacking midfielder for about £5million.
Newly-promoted Luton are one of the clubs to have shown an interest in Chong, who joined Blues from United for £1.5m last year after a successful loan spell.
Despite the imminent arrival of new owners Tom Wagner and American investment firm Knighthead, Birmingham are likely to operate within a tight budget in the coming campaign, with boss John Eustace made aware there is limited room for manoeuvre.