Bolton Wanderers boss Gary Megson is offering a club record £12 million for Sporting Lisbon midfielder Miguel Veloso.

A delegation of officials from Bolton have been in the Portuguese capital this week, according to reports in the Mirror, to negotiate a transfer for a player who has been the subject of interest from Everton and Manchester United in the past.

Should Bolton be given permission to talk to the player they are convinced they will be able to bring him to the Reebok Stadium before the end of the month.

Should they be successful the deal would represent a massive coup for Bolton who, after a difficult start to the season, have shown improving form of late.

However, signing Veloso would still represent a remarkable move and would eclipse even their audacious signing of Nicolas Anelka.