Christian Wilhelmsson is set to leave Bolton for Deportivo La Coruna.
The Swedish international is currently on loan at Bolton from French side Nantes, but he has struggled to establish himself at the Reebok Stadium.
Wilhelmsson does not figure in Gary Megson's plans and the news has alerted Deportivo.
Bolton are prepared to end Wilhelmsson's loan deal to allow him to join Deportivo.
Deportivo are set to sign Wilhelmsson on loan until the end of the season with the option of a permanent deal.
The former Roma ace is expected to undergo a medical in Spain on Monday before tying up his loan move.