Bournemouth are in talks with Borussia Dortmund over a deal to sign Jacob Bruun Larsen.
The German club are hoping for a loan with an obligation to buy the winger in the summer.
Larsen, who has fallen down the pecking order at the Westfalenstadion, is understood to be keeping his options open at this stage of the transfer window.
The 21-year-old Denmark international has made only four Bundesliga appearances this term and two in the Champions League.
Dortmund are said to value him in the region of £12.8m (€15m), with 18 months left on his current contract.
The German club signed Larsen from Danish side Lyngby Boldklub in 2015 and he made his international debut in March last year in Denmark's 2-2 draw with Kosovo.
How to follow the January transfer window
Sky Sports will bring you the very latest news from the January transfer market with the return of three shows.
Start your day with Good Morning Transfers at 9am as our team of reporters bring you the latest news and insight. Transfer Talk then follows at midday delivering analysis of the biggest stories. Then join us at 7pm for the definitive round-up of the day's news with The Transfer Show.
Meanwhile, the Transfer Talk podcast will also be back at the turn of the year with more expert analysis from here and across the continent.
And as well as tuning into Sky Sports News, don't miss a thing with our dedicated Transfer Centre blog.