Owen Coyle's first transfer move as Bolton manager could be to bring David Nugent to the Reebok Stadium having worked with the striker in his previous position at Burnley.
Coyle brought Nugent to Turf Moor on loan from Portsmouth at the start of the season and the 24-year-old has scored three goals in 15 Premier League appearances for the Clarets.
A formal bid from Bolton for Nugent is anticipated within the next 24 hours and ESPN Soccernet has been informed that Pompey have placed a £3 million price tag on his head.
While Burnley were unveiling Coyle's replacement at Turf Moor, Brian Laws, the new Bolton boss was getting to work on bringing in his first new player - and it was a question of going back for the old boy. Wolves were one of the first clubs to enquire about Nugent but were scared off by the asking price. If Bolton come close to Pompey's £3 million valuation the Nugent deal is sure to go ahead.
Pompey have a number of players they are ready to listen to offers for, as they seek to bring to an end their cash-flow crisis which has resulted in the players being paid late for three months in a row.
Pompey have been deep in talks with the Premier League for the past two days in an effort to lift their transfer ban with the January window open and Avram Grant lining up a couple of vital signings.
An embargo has been placed on the club due to their failure to pay instalments for previous transfers but the sale of Nugent and possibly defender Younes Kaboul would convince the Premier League that Pompey will not be in such a situation again.
So far Pompey have kept their nerve and refused offers from Lyon and Sunderland for their French centre half, but if the bids are raised sufficiently close to Pompey's £14 million valuation then that deal is sure to go through too next week.