TWTD understands that the Blues are continuing their pursuit of Hearts defender Jordan McGhee.
Town have had two offers for the 19-year-old right-back or centre-half rejected by the SPL side, the latest in the region of £250,000.
Hearts are holding out for £500,000 and we understand talks are ongoing between the two clubs. A deal involving an initial fee somewhere between those two figures plus the usual top-ups seems likely.
Hearts manager Robbie Neilson says his club is determined to get what he believes is the right price.
"They put an offer in which we believe was nowhere near his value," he said. "Jordan has a great future here. He's a big player here, he's a Scotland U21 international and captain.
"So if he is going to go, it's going to be for a lot of money. Jordan has a great future here. He's a big player here, he's a Scotland U21 international and captain."
"Every player has a price. I don't want to sell him but if someone comes in with an acceptable value then we will look at it. But the offer that came in is nowhere near the value of a player of his calibre. We don't need to sell."
Speaking yesterday, manager Mick McCarthy confirmed that a player in the mould of McGhee is his priority, although he wouldn’t be drawn into discussing specific targets.
"If I could get a versatile defender from somewhere who could play left-back and centre-half or right-back and centre-half, who can cover a couple of positions, that’s something I’d be looking for,” he said.
McGhee came through the ranks at Tynecastle and has won Scotland caps with the U15s, U16s and U18s as well as the U21s.
Having broken into the Hearts first team late in 2012/13, McGhee has gone on to make 33 starts and 11 sub appearances, scoring four goals.
East Kilbride-born McGhee has already attracted interest from Premier League clubs, with Aston Villa and Swansea City recently linked, and in 2013 Juventus were reported to be keeping tabs on him. In January he signed a new Hearts contract which runs until the summer of 2017.
Meanwhile, Town are reported to be one of a number of clubs showing interest in former loanee Richard Stearman.
According to the Daily Mirror Wolves have turned down a £1.5 million bid from Fulham for the 27-year-old with the Blues, Hull City and Burnley claimed to be keeping an eye on developments.
McCarthy is a big fan of Stearman, who was at Portman Road for the second half of 2012/13, but with Town seemingly closing in on the addition of McGhee, a move for another similar but more experienced player - who would see himself as a regular starter rather than a squad player - would appear unlikely.