Stoke have agreed a fee with West Ham for striker Carlton Cole.
The fee is believed to be an initial £4m with a possible £2m add-ons.
The 27-year-old England international is currently in Switzerland with the Hammers squad for a pre-season training camp but is set to hold talks with Stoke boss Tony Pulis upon his return.
Potters chairman Peter Coates told Sky Sports News: "We have agreed terms with West Ham, that's done. Now it's a case of can we agree terms with Carlton."
Cole joined West Ham from Chelsea in July 2006 and has scored 42 goals in 165 appearances.
But he found the net just five times in the Premier League last season and is now poised to move on in the wake of the Hammers' relegation.
Coates admits this is not the first occasion Stoke have attempted to sign Cole but is hoping this time a move will come to fruition.
"We come from two different places. He has got an injury problem - he has always had that - and that is a risk you take so we have to factor that in," he said.
"But he is a good player and Tony has always liked him. Manager's like different players but Tony has always liked him.
"I think we've tried to sign him around three times over the past few years without succeeding so maybe we will get somewhere this year."
Cole is currently away in Switzerland as part of the Hammers' 26-man squad that travelled to Switzerland on Friday, which Coates admits has delayed a potential deal.
"We're still on the case," he added. "The team is still away at the moment. They come back Thursday this week, I think.
"Tony likes to be around for these things.
"Now we've done a deal with the club it really needs his input with the player because he likes to talk to them and make sure they are on board, and he is on board and everything is ok from his point of view.
"But we see that work in progress and hope that something can be done."
The former Chelsea striker was reportedly subject of a recent £3m bid from the Potters and could now become the next high-profile departure from the relegated Hammers after fellow frontman Demba Ba joined Newcastle.
QPR were also thought to be monitoring Cole's availability but he could now be set for a move to the Britannia Stadium, which may end Pulis' pursuit of Birmingham forward Cameron Jerome.