Torquay United manager Martin Ling says he would consider reinvesting any money from the sale of Eunan O'Kane in a deal for Swindon Town's Billy Bodin.
Crawley Town put in a bid for O'Kane on Tuesday which met Torquay's valuation of the Irish Under-21 midfielder.
And should the deal go through Ling says he would consider bidding for Bodin, who had a successful loan spell at Plainmoor last year.
The 20-year-old scored five goals in 19 appearances for Torquay.
"At this moment in time, with Eunan at the football club, there's probably not the money to go ahead and bid for Billy Bodin and meet his wage demands, which will be a lot higher than they were previously because there are clubs interested in him," Ling told BBC Sport.
"If Eunan O'Kane moved on, obviously that would open up other avenues and Billy would come into the equation."
Bodin is considering a new contract at Swindon, but Robins' boss Paolo Di Canio has told the midfielder that he should leave the club if he wants regular first team football.
He ended last season on loan at Crewe and
"It's like anything at a club like Torquay, some of the money, and I'm not saying all of the money from Eunan's deal, will come back and be re-circulated, there will be a percentage of that money that comes back to me and I'll re-circulate that in any way that I see fit," Ling said.
"Billy would fit the criteria as someone that would improve the football club, but at this moment in time he's out of our reach because we haven't got the money to go out and get him.
"But I promise the supporters I'll be doing my damndest to fetch a player that will be of Eunan's quality," Ling added.