Bill Foley is closing in on an agreement to buy a minority stake in Hibernian, according to a report.
The Daily Mail states that the Bournemouth owner is edging towards a final agreement to make the purchase of shares.
The report says the legal representation of both clubs is in talks over the details of the multi-million-pound deal.
It's said that the Scottish FA could next week be asked to relax their rules over dual ownership at Hampden in order for the move to get over the line.
Article 13 prevents club owners from becoming involved in the management or administration of another team without the prior written permission of the board.
So, while this rule remains in place, the SFA will consider any request to be exempt on a case-by-case basis.
SFA president Mike Mulraney warned that any proposals will be carefully vetted when speaking to the same publication last month.
“We are not looking to change the rule,” he said. “Article 13 is Article 13. My job as president of the SFA is to make sure that protects the integrity of the Scottish game and builds the economy of the game.”
Burnley's American owners ALK Capital have also entered talks with Dundee over a feeder club arrangement.
Foley is the owner of Premier League side Bournemouth. He also has a large stake in Ligue 1 side FC Lorient as well as Ice Hockey team Vegas Golden Knights.
