Sheffield Wednesday remain in dialogue with Vitoria de Setubal over a deal to sign defender Frederico Venancio.
It is understood senior Owls chiefs have held discussions with the Portuguese club and Venancio’s representatives in recent weeks.
As exclusively revealed by The Star back in May, Vitoria are prepared to let Venancio leave for a fee of £800,000.
Several Championship clubs are believed to be keeping close tabs on Venancio, who made 25 appearances while on loan at Hillsborough last season.
But sources close to the player have stressed Venancio’s preferred option is to rejoin Wednesday on a permanent basis.
Speaking after the Owls’ final day victory over Norwich City, Venancio said: “I want to stay at Sheffield Wednesday. I love the club, the city and everyone who works at the club.
“I did all I could during the season. I tried my best in all the matches. Every match was an opportunity for me to show my quality and talent.”
Although Venancio is the Owls’ number one defensive target, Jos Luhukay’s side have yet to table a formal bid for the 25-year-old. Luhukay has already stated the Owls will have to be “creative” in the transfer market. It looks increasingly unlikely that there will be a big summer spending spree at Wednesday as the club look to cut their cloth accordingly to avoid falling foul of Profit and Sustainability regulations.
Meanwhile, Wednesday will be ball number 31 in the draw for the first round of the Carabao Cup, which takes place in Vietnam this Friday. The new-look draw will see 70 EFL teams split into northern and southern sections, but with no seeding for higher ranked sides as in previous years. Ties are scheduled to take place on the week commencing August 13.