Ajax Amsterdam have entered negotiations with Wolverhampton Wanderers over a permanent transfer for Nigerian striker Tolu Arokodare, with a fee of about €25m reportedly under discussion.
The Dutch club are keen to retain the forward after his loan spell, but the two sides have yet to reach an agreement on the financial terms of a potential deal.
Discussions are continuing, and no official announcement has been made to confirm that the transfer will go ahead.
Arokodare, who joined Ajax on loan with an option to buy, has reportedly impressed the club's management with his attacking performances.
Ajax are now looking to secure his services on a longer-term basis as they plan for the next stage of the transfer window.
However, Wolverhampton Wanderers still hold the player's rights, meaning Ajax must negotiate an acceptable fee before a permanent move can be completed.
Ajax's interest in keeping Arokodare reflects the club's reported satisfaction with his contribution during his loan spell.
The Amsterdam side are understood to view the Nigerian international as a player they would like to retain beyond the current arrangement, with a permanent transfer offering him the opportunity to continue his career in the Netherlands.
The proposed move would also allow Ajax to incorporate the striker into their sporting plans over a longer period, rather than leaving his future dependent on a temporary agreement.
Neither club has announced that an agreement has been reached, leaving the proposed deal subject to further negotiations.
The main outstanding issue is whether Ajax and Wolverhampton can find common ground on the financial conditions of the transfer.
Although the Dutch club have begun discussions with Wolves, completing the deal will depend on both sides accepting the terms.
Ajax must be prepared to meet the conditions required by the English club, while negotiations continue over the reported €25m valuation.
The existence of an option to buy as part of Arokodare's loan arrangement has provided a possible route towards a permanent move from the Premier League outfit.
However, the current discussions have not yet produced a confirmed outcome.