League One title favourites Wolverhampton Wanderers are keen on the Northern Ireland’s services and could even slap in a cash bid.
But Birmingham want to re-sign the Derry lad for a second spell.
Ferguson has a lot of time for City boss Lee Clark having worked with the ex-Newcastle favourite during his days at St James’ Park.
City plan to take Ferguson on loan at the start of the season for the first part of the campaign.
Ferguson: “I know Lee Clark very well from my days at Newcastle.
“He was my reserve-team coach and we’ve always had a good rapport. Last season being at Birmingham gave me the game-time that I needed and that first-team experience.”
Source: Newcastle United Mad