Manchester City are set to sign Portsmouth striker Benjani Mwaruwari today for £5 million.
They have slashed the fee from the original £7.7m on offer and also reduced Benjani's contract from four years to two-and-a-half.
City expect the Premier League to ratify the deal outside of the transfer window after being given guidance that it can be completed if both clubs agree.
Sven Goran Eriksson's decision to push through with the move is a relief for Portsmouth boss Harry Redknapp.
Portsmouth are desperate to close the deal because they intend to use the money to finance the deferred payments for the permanent £8m transfer of Spurs' Jermaine Defoe, as his transfer was registered as a loan on deadline day.
