Town have been linked with a swap deal which would see Bristol City’s Paul Anderson join the Blues with Jay Emmanuel-Thomas moving in the opposite direction. Emmanuel-Thomas, 22, was told he could find another club at the end of the season despite having another year remaining on his contract.
According to Bristol-based sources, talks between the clubs have already taken place.
Winger Anderson, 24, started his career as a youth player with West Brom, before moving on to Hull City and then Liverpool in November 2005.
Anderson spent time on loan at Swansea and Nottingham Forest — when he was linked with a move to the Blues - while with the Reds, before making the switch to the City Ground permanent in the summer of 2009 for £250,000.
The 5ft 9in tall former England U19 international moved on to Bristol City last summer, signing a two-year deal. He made 19 starts and 11 sub appearances for the Robins during their 2012/13 relegation campaign, scoring three goals.
Emmanuel-Thomas, who played for Bristol City boss Sean O’Driscoll during a loan spell at his former club Doncaster Rovers, is understood to have been interesting Fulham, who watched him on a number of occasions last season.
The former Arsenal man's wages could potentially prove to be a sticking point with the midfielder or striker believed to be amongst the Blues' higher paid players and the Robins likely to be looking to reduce costs after their drop into League One.