Blackburn Rovers are the subject of a new £55 million takeover bid.
The Sun says the consortium - a group of Asian businessmen based in Yorkshire - are at an advanced stage of talks with Blackburn.
Trustees acting for the family of the late Jack Walker have been looking to sell for the past year.
A proposed deal with American-based tycoon Dan Williams fell through in October.
Now the consortium are in pole position and are confident an agreement can be reached within the next few days.