Peterborough United have had an offer for MK Dons' Sam Baldock rejected, but are optimistic of agreeing a fee for Bournemouth's Jason Pearce.
Posh are in talks with the Cherries over a deal for 23-year-old defender Pearce, according to Posh director of football Barry Fry.
And they have tabled a bid worth £1m including add-ons for striker Baldock.
"I spoke to the MK chairman and we haven't been able to agree a deal," Fry told BBC Radio Cambridgeshire.
Baldock, 22, has notched 14 goals in 34 games this season, taking his Dons tally to 37 in 118 appearances.
He has played all of his professional football with Milton Keynes, making his debut as a 16-year-old in December 2005, and still has two years to run on his contract at the club.
"Obviously they've got their own ambitions and want to do what we did this year and that's go up next year," Fry added.
"Everybody's got their price so they say but at the minute that isn't a done deal.
"I think it's a good deal because he's full of potential and if his potential's fulfilled with us then MK will get a lot of money, but they want the money up front and he isn't the finished article in my opinion."
Pearce started his career at Bournemouth's South Coast neighbours Portsmouth but failed to make a first team appearance at Fratton Park.
The centre-half joined the Cherries four years ago and has gone on to make 183 appearances for the Dean Court club.
"We've made an enquiry and a bid for him, we're waiting to hear," explained Fry.
"That is a player the manager likes but we haven't had a 'yes' or a 'no' yet.
"I've had good talks with the people concerned at Bournemouth, I think we're close to agreeing a thing but until the paperwork's done all things can happen."
Fry also revealed Posh had accepted offers from Football League new-boys Crawley Town for Chris Whelpdale and Charlie Lee, but said the pair were unlikely to accept a move to the Blue Square Bet Premier champions.
Both players had loan spells at Gillingham this season, with boss Andy Hessenthaler expressing an interest in the transfer-listed duo, but Fry said the Gills were not able to meet the asking price.