Town are understood to have agreed personal terms with Peterborough United striker Paul Taylor and the 24-year-old looks set to sign for the Blues well before Friday night's deadline.
The Liverpudlian was at Portman Road yesterday along with fellow Posh player George Boyd to undergo a medical and discuss a personal terms but returned to Cambridgeshire without agreeing to sign.
However, as reported earlier, the deal always looked likely to be revived and after further talks today, Taylor is set to join Paul Jewell's squad.
According to reports elsewhere a deal which could ultimately be worth £2.5 million, presumably after numerous top-ups, has been agreed with the London Road club for Taylor, although this has not been confirmed by either club.
Earlier in the week a fee - perhaps only an initial payment - somewhere in the region of £1.75 million to £2 million was agreed for both Taylor and Boyd, the majority believed to relate to the former.
We understand that Boyd is keen to join Taylor at Portman Road, however, his much higher wages remain a significant stumbling block.