Liverpool are set to sign Italian forward Fabio Borini after agreeing an £11m fee with Roma as Brendan Rodgers also looks to crank up the pressure on Swansea to sell Joe Allen.
Borini has been recruited with the idea of playing on the right of a front three at Anfield with Rodgers, who has worked with the 21-year-old before, convinced he has the ability to succeed in the Premier League despite failing to establish himself at Chelsea.
That is unlikely to end Liverpool's interest as they expect the Team GB player to ask to link up with his former boss at Anfield, forcing Swansea to either risk keeping an unhappy player or sell at the best price they can.
The progress in the transfer market is a big boost for Rodgers, who takes his side on a pre-season tour of North America this weekend looking to start an ambitious project that aims to turn Liverpool into the Barcelona of English football.
Rodgers was privy to the financial package Sigurdsson had agreed to move to Swansea when he was manager there and was unimpressed when he asked for more when he tried to take him to Liverpool.
"I wasn't disappointed at all," said Rodgers. "He is a good kid, but I knew the value of Gylfi and where it was at. If I wanted to push the club to do the deal, then I could have done.
"He is not a player we have lost out on because of money. I will make that absolutely clear. What I want to do is protect the club as well. If I have got a player and I can put a value and worth to him, great.
"I am not one to identify a player then let the club go and spend an absolute fortune, when it will come to bite you on the back side."
The 31-year-old never established himself as a first-team regular after joining from Atletico Madrid in January 2010, but he still managed some stand-out performances.
Rodriguez scored 17 goals in 73 appearances, the highlights being two hat-tricks in the space of a couple of weeks against Birmingham and Fulham in 2011, while last season he scored in two victories over Chelsea in quick succession at Stamford Bridge.
The Canada winger has held talks with Tottenham Hotspur, Liverpool, Everton, Newcastle, Queen's Park Rangers and Reading in recent weeks, but the lure of Champions League football has tempted Hoilett to Germany. The 22-year-old played two years on loan in the country earlier in his career and is expected to complete a deal this weekend.
Manchester City to Tottenham Hotspur
Andre Villas-Boas has sealed deals for Jan Vertonghen and Gylfi Sigurdsson and is on the verge of signing the Togo forward who scored 18 goals in 37 appearances while on loan at Spurs last season. The stumbling block has always been Adebayor's £170,000-a-week wages. However, he now appears willing to take a pay cut.
Newcastle manager Alan Pardew has long been an admirer of the full-back, who was part of France's Euro 2012 squad. Newcastle's scouting team has been particularly successful across the Channel; Debuchy would become the sixth Frenchman in the squad.
Tottenham Hotspur to Everton
The South Africa midfielder never settled in London and a return to Goodison, from where he moved on a free transfer only a year ago, seems mutually beneficial. The 30-year-old spent the end of last season on loan at Everton and rediscovered his form.
All Liverpool have to show for the £20m they paid Roma three years ago is 13 starts, but the Italian midfielder believes the arrival of Rodgers may revive his Anfield career. Aquilani has ruled out a return to his homeland where he has had loan spells at Juventus and Milan since signing for former manager Rafael Benitez. "I would say the chances he could go back to Milan are impossible," Aquilani's agent Franco Zavaglia said. "Other clubs? I reiterate, he will remain at Liverpool."