Leicester manager Nigel Pearson could make three new signings before the end of the transfer window, with the Foxes closing in on Esteban Cambiasso.
Pearson confirmed that talks with the former Inter Milan midfielder, who is available on a free transfer, have progressed.
The ex-Argentina international could arrive before Leicester host Arsenal in the Premier League on Sunday, ahead of Monday's transfer deadline.
Cambiasso, 34, is available after leaving Inter this summer following 10 years at the San Siro, and Pearson remains optimistic that a deal can be struck.
"Cambiasso is still a possibility," the Leicester Mercury quoted him as saying.
"There's been progress over the weekend, so I'm more hopeful than I was on Friday and Saturday -- but until there is a definitive answer I'm loath to talk too much. But I am hopeful it can be done in next couple of days.
"We've been trying to do business and it has not materialised so far. But hopefully this week we can still do business and bring players in we want to bring in.
"I recognise there is a need for added numbers, and we have to do that in this window. There are subtle differences this year to last year.
"We've been very positive, but it is nice to have different options. Two or three hopefully is the aim. It would be nice to be able to achieve that."
Leicester host Shrewsbury, where Pearson began his playing career, in the second round of the Capital One Cup on Tuesday without the injured Danny Drinkwater, Jamie Vardy and Matty James.
Pearson added: "Danny will be introduced back into training this week, so may be available for the week. Matty's shin is still sore so we will have to take that one at the right pace, especially with a break coming up."'