Bolton Wanderers are working on an approach for Alejandro Alfaro, a former Spain Under 21 international.
The 24-year-old winger has just 12 months remaining on his contract with Sevilla and is expected to cost €1.5million (Dh7,91m) to bring to the Premier League.
Though Bolton have told England centre back Gary Cahill he can leave the club if they receive a sufficiently lucrative offer - Manchester City are among the interested parties - Owen Coyle has a limited budget to spend on new recruits. Sevilla, in turn, need to raise cash to fund a bid for Pablo Osvaldo, the Espanyol striker who has drawn €10m offers from Tottenham Hotspur and Fulham but is valued by his club at €18m.
Along with Alfaro, the manager is attempting to secure Rodrigo Moreno on a permanent deal from Benfica after a successful season on loan, but has been quoted a price in excess of £5m (Dh29,94m). Having lost Johan
Elmander on a Bosman move to Galatasaray, Coyle would also like to keep Daniel Sturridge at the Reebok Stadium if Chelsea can be convinced to do further business on the young striker.