Portsmouth sources insist talks between the club and the Inland Revenue are still ongoing, according to Sky Sports News.

News broke earlier on Tuesday that Pompey's bid to halt a winding-up order from HMRC had stalled.

But a spokesperson for the Premier League outfit has assured fans that they are hopeful of coming to an agreement before Wednesday's deadline.

The South Coast strugglers owe the tax authorities a figure in the region of £7.5million but they have been striving to come to a compromise - believed to be a lump sum of £1.8million.

A compromise needs to be reached before Wednesday's high court meeting - where the threat of administration or liquidation is at large for the Premier League's basement team.