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Cheltenham Town are hoping to sign Gary Hooper after Hereford United appeared to concede defeat in their bid to sign the Southend United striker.
Hooper is on the transfer list at Southend and has four clubs on his trail, with Scunthorpe United also rumoured to be showing an interest.
He scored 11 goals in 19 appearances on loan at Hereford last season, but Bulls boss Graham Turner admits the youngster is now out of his price range.
"We agreed a fee with Southend and it looked more than likely to go through, but Gary went on holiday, his agent was away and in that time three other clubs made offers three times the amount that had been accepted by Southend," Turner told the club's official website.
"Naturally enough Southend looked at it and thought why should we accept that when we can get three times as much.
"It looks likely that we are going to lose Gary, it's moved into the realms of transfer fees that we can't get involved in."
League One rivals Cheltenham have held talks with Hooper, although the deal could hinge on whether unsettled striker Steven Gillespie stays at Whaddon Road.
Robins manager Keith Downing told the Gloucestershire Echo: "We are in there with a chance of signing Gary. He's come down and spoken to us, so it's now down to the player.
"I have to prepare for life with or without Steven Gillespie. I want to get Gary involved even if Gillespie stays, so we'll see if we can entice him here."
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Team news ahead of the New Year's Day clash between Southend and Gillingham at Roots Hall (kick-off 1pm).
Captain Chris Barker was left to rue an off day for Southend as they saw their 14-match unbeaten run come to an end at Burton.
Southend's long unbeaten run came to an end as Burton ran out 2-0 winners at home despite ending the game with 10 men.
Team news ahead of Saturday's League Two clash between Burton Albion and Southend at the Pirelli Stadium.
Sky Sports understands a number of clubs from League One are chasing Southend striker Gavin Tomlin.