Manchester City duo Stevan Jovetic and John Guidetti have both been linked with loan moves to struggling La Liga outfit Malaga.
Negotiations are already open regarding the deal for the young attacker Guidetti, but Malaga manager Bernd Schuster is said to have enquired about the availability of Jovetic as well.
Malaga have struggled since Pellegrini left having only won five of their 18 league games this season. The signings could help boost their attacking capabilities, having scored only 19 times so far this season.
Jovetic joined Manchester City from Fiorentina in the summer, but has made just six appearances in his debut season, scoring only twice, after suffering various injuries.
Pellegrini has said recently he has faith in Jovetic to come back and mount a challenge for a first-team spot, and help City in their Premier League title push.
Speaking in The Sunday Mirror Pellegrini said: “We hope it was bad luck for the first part of the season and we can use him in the second half of the season because he is a very important player.”
Guidetti has been linked with a number of other clubs over the last few weeks, with Stoke City and West Ham the two main contenders in the Premier League.
The Potters are believed to be the closest to signing Guidetti, who has remained within the youth ranks since joining in 2007. The 21-year-old has only made a handful of appearances for the Citizens, and the club are looking for the youngster to gain some vital first-team experience.