Manchester City are in advanced talks with Swansea City over signing Wilfried Bony, BBC Wales Sport understands.
It is thought that it would take more than £30m to prise the Ivory Coast striker, 26, from the Liberty Stadium.
Swansea manager Garry Monk has said it will take an "astronomical" fee to secure Bony in the January transfer window.
He was the Premier League's top scorer in the calendar year of 2014 with 20 goals.
He joined Swansea for a club-record £12m from Vitesse Arnhem in 2013.
Bony is on African Cup of Nations duty with the Ivory Coast for at least the next three weeks, and any deal would likely be concluded after his return.