The Liverpool Daily Post says Wickham is valued by Ipswich at around the £10m mark, but Sunderland are believed to have tabled an offer worth in the region of £8m, in addition to a series of appearance-related add-ons, as they look to test the Championship club's resolve.
Sunderland boss Steve Bruce will have money to spend following the sale of midfielder Jordan Henderson to Liverpool for £16m earlier this month, but Wickham is understood to favour a move to Merseyside, having grown up a Liverpool supporter. Arsenal and Tottenham are also though to be monitoring the situation.
Ipswich boss Paul Jewell stressed recently that Wickham would not be allowed to leave Portman Road unless a substantial offer was made. Ipswich are under no pressure, financially, to cash in on their prized asset, but are aware that Wickham, despite signing a three-year contract as recently as April, is eager to step up to the Premier League sooner rather than later.