Portsmouth have accepted a bid from Rangers in the region of £3m for midfielder Pedro Mendes.
Moving in the opposite direction is Jerome Thomas who has joined Pompey on a season-long loan from Charlton.
Mendes is currently discussing terms in Glasgow and his two-and-a-half year spell at Fratton Park appears to be nearing its end.
Rangers currently have cash to spend following the £7.8m departure of Carlos Cuellar to Aston Villa earlier this week.