Town have agreed to pay Colchester United ÂŁ500,000 for right-back Kane Vincent-Young, the first fee the Blues have shelled out for a player this summer.
The 23-year-old will be only the second player manager Paul Lambert has paid cash for since he joined the club with Alan Judge having cost a nominal sum when he signed from Brentford in January.
Lambert, who has been targeting another three additions to his squad, has spoken of his frustration at the lack of cash which has been made available to him this summer, however, he appears now to have loosened owner Marcus Evans's purse strings to some degree.
The player is yet to agree personal terms and undergo a medical and the move isn't expected to be confirmed today.
Vincent-Young spent time on trial with Town during pre-season ahead of 2018/19 but wasn't offered a deal and ended up signing a new two-year contract at Colchester.
Last week the one-time Tottenham academy youngster, who also had a spell with Banbury early in his career, was linked with moves to Championship sides Luton and Charlton but their transfer deadline passed with Vincent-Young still at the JobServe Community Stadium. Leagues One and Two are still open for transfer business until September 2nd.
Town reportedly may not be the only contenders for the Camden-born defender’s signature with Sky having claimed that Sunderland could also join the chase, however, they seem very much the front-runners.