Wolves defender Ryan Bennett is set to join Leicester on loan for the rest of the season.
Leicester have been looking for central defensive cover for Jonny Evans and Caglar Soyuncu.
The 29-year-old Bennett has been struggling for game time, making 19 appearances this season.
It is understood the deal contains an option to buy, or an obligation should Bennett make a certain number of appearances for the Foxes.
“If he goes on loan it’s a situation he wants and we wish him all the best,” Wolves manager Nuno Espirito Santo said.
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“It’s a tough window to work but it’s about rebalancing the squad.”
The deal will enable Leicester’s Croatian centre-back Filip Benkovic to take up a loan move, possibly to Bristol City.
Bennett has made 74 appearances for Wolves in all competitions since joining the side in 2017.
He previously played for Norwich City and Peterborough.