The Sun says to make matters worse, their monthly wage bill of £1.8m is due tomorrow and the club also owe £10m in taxes. Saudi tycoon Ali Al-Faraj only took ownership of the club from Sulaiman Al-Fahim last month but has already struggled to keep on top of the mounting debts.
Now he is pinning his hopes on a £15m loan from Israeli businessman Levi Kushnir and Hong Kong-based partner Balram Chainrai.
The duo were at Pompey's last two games and are believed to be keen to make an investment.
Portsmouth insist the players' wages will be paid tomorrow, despite failed payments last month. And they are confident they will be able to make further signings in January.