Sunderland manager Steve Bruce will use the cash generated from the sale of Jordan Henderson to Liverpool, to strengthen his squad with the addition of Birmingham City duo Craig Gardner and Roger Johnson according to the Daily Mirror.
Reports this morning suggest that a fee in the region of £20million has been agreed between the two parties, and Bruce is keen to quickly reinvest ahead of the new season.
With Reds striker David N'Gog also thought to be included in the deal which will see him swap Anfield for the Stadium of Light, the Black Cats will undertake a complete overhaul of their playing staff.
Gardner, 24, was one of the Blues standout performers this season, scoring ten goals for Alex McLeish's side. But following the club's final day relegation to the Championship, the Birmingham-born midfielder may be looking to move on.
Johnson meanwhile has attracted the attention of a number of potential suitors following a series of committed performances, so Sunderland could face competition for his signature.
The 28-year-old had been holding out for improved terms on his existing Blues deal but with no offer forthcoming, he too could leave St Andrews this summer.
Birmingham have already rejected a £6million bid from Midlands rivals Wolverhampton Wanderers for Johnson - another reported Liverpool target, so the Black Cats will need to make an improved offer.
Both potential moves ultimately hinge on the completion of Henderson's transfer to Liverpool. While Sunderland and Bruce will be sad to see the highly rated 20-year-old leave Wearside, it is a move which will benefit the overall interests of the club with a substantial cash injection.