Portsmouth have had an undisclosed bid, believed to be in the region of £2.5million, accepted by Liverpool for Jermaine Pennant.
The 26-year-old winger has failed to establish himself as a first-team regular at Anfield following his £6.7million arrival from Birmingham City in 2006.
The former England Under-21 international has been linked with a move away from Merseyside since the summer and his fortunes have not improved this season after making just four appearances in Rafael Benitez's side.
Pennant, whose name has also been linked with Real Madrid this month, is now set for talks at Fratton Park over a move which could potentially kick-start his career.
The former Arsenal youngster is well known to Pompey boss Tony Adams from his own time with the Gunners.
He was lured to the north London club from Notts County as a teenager in 1999 but failed to make the grade and was sent out on a series of loan moves.
"Pompey have had a bid for Jermaine Pennant accepted by Liverpool," confirmed a club statement.
"(We) plan to discuss personal terms with the player over the next few days."