Hull City could become the second Premier League club under Chinese ownership, with a consortium of Chinese and Hong Kong investors hopeful of completing a deal to buy the Tigers.
Sky Sports News HQ understands a Far East group has held advanced talks with the club but a deal has yet to be formally agreed.
It is understood the consortium includes representatives of the Dai family, which has business interests in real estate and shopping malls.
Two weeks ago, following negotiations with other interested parties, Hull City said in a statement: "To ensure stability during the transfer window, the club can confirm that takeover talks have been placed on hold until the summer window closes."
The club's owners intend to continue negotiations with interested parties in September and any deal would be subject to due diligence.
On Friday, West Bromwich Albion chairman Jeremy Peace agreed to sell the club to a Chinese investment group headed by Guochuan Lai.