Coventry City have held provisional talks with Hinckley United over playing at the Blue Square Bet North side's Greene King Stadium.
Coventry are looking at other grounds as they discuss a £1.1m bill in rent arrears with Arena Coventry Limited (ACL), the owners of the Ricoh Arena.
And Hinckley, who have been hit by a three-point deduction, told BBC Radio Leicester they discussed a potential share with the Sky Blues.
Their ground can hold 4,329 fans.
The Ricoh Arena's capacity is 32,609.
ACL have issued League One Coventry with a Boxing Day deadline to pay the claimed amount of rent, or face a winding-up petition.
However, the Sky Blues believe that the rent is too high in relation to other clubs of a similar level, and are keen to negotiate with ACL.
The club are also interested in retaining some of the match-day revenue, which currently goes to ACL.
As a result, Coventry have been searching for a contingency plan if a deal for the Ricoh falls through, and reports suggested that they could move to Nene Park, home of the now disbanded Rushden & Diamonds and latterly Kettering Town.
However the Sky Blues, who have averaged just under 10,500 fans this season, could now move 13 miles away to Leicestershire if a deal is struck with Hinckley.
Coventry currently lie 15th in League One following their relegation from the Championship last year, and are on a run of three wins out of their last four league matches.
Hinckley received a points deduction on Thursday for failing to pay five players' wages and now sit on zero points after 18 games in their division.