Blackburn Rovers are closing in on a deal for a Sheffield United striker while Wigan Athletic and Hull City are reportedly competing to sign a Blades midfielder who impressed during his loan spell at the Tigers last season while
Meanwhile, Hull have been linked with a shock move for a USA international defender and Huddersfield Town have confirmed that they have received no bids for their Newcastle United and Leeds United linked star.
Peterborough United are closing in on two new signings but it could be a quiet window for Preston North End after their boss said he was happy to continue working with the current crop of Deepdale talents.
Millwall have had a seven figure bid for a striker rejected by his club as Premier League side Watford are reportedly monitoring the situation and could be plotting a move while Stoke City have joined the chase for a promising young attacker from Linfield.
Finally, in a move that could have major implications for several Championship clubs (including West Brom, Stoke City and Blackburn Rovers among others), Brighton & Hove Albion boss Graham Potter has hinted that the Premier League club are considering recalling players currently out on loan this month.
Here are Wednesday's EFL Championship transfer rumours:
1. Lambert wants Dons job
Paul Lambert, who has managed several clubs in the EFL Championship including Stoke City and Blackburn Rovers, is interested in becoming the next manager of Scottish Premiership side Aberdeen (The Scottish Sun)
Photo: Alex Davidson
2. Burnley planning to swoop for Wallace
Burnley remain very keen on Jed Wallace and will look to press ahead with an offer for the player in the summer window, regardless of what division they are in for 2022/23 (Football League World)
Photo: Andrew Redington
3. Hammers likely to move for Adarabioyo
West Ham are likely to move for Fulham central defender Tosin Adarabioyo as he looks to reinforce the defence this summer (Claret & Hugh)
Photo: Justin Setterfield
4. Stoke loanee's main aim is to win
Manchester City loanee Taylor Harwood-Bellis has said that his main aim is to win games with Stoke City rather than just developing his own game (Stoke-on-Trent Live)
Photo: Shaun Botterill