The club were last night putting the finishing touches to a deal for Crystal Palace defender Paddy McCarthy until the end of the season.
The Dubliner should go straight into contention for Wednesday night’s Lancashire derby with Blackburn Rovers, if selected.
But the indications are that Neil Lennon will look to free up some funds for at least one more new arrival – and that could well be Chelsea youngster Islam Feruz.
The 19-year-old signed a loan deal at struggling Blackpool in January but played just twice after failing to get into manager Lee Clark’s plans.
Lennon and his coaching staff know Somalia-born, Glasgow-raised Feruz from their time at Celtic where he played from the age of 10, going on to win youth honours with Scotland before moving to Stamford Bridge.
Feruz has yet to feature for Chelsea’s first team but has a regular for the club’s Under-21s, with Jose Mourinho keen to get him some more experience in the Championship after his nightmarish spell at Bloomfield Road.
He could be seen as a replacement for Zach Clough, who has been ruled out for the rest of the season with a dislocated shoulder suffered in the 1-1 draw with Reading on Tuesday night.
Having already signed Giles Coke from Sheffield Wednesday, Lennon faces a tricky task juggling all the loan players in his squad at once when his side make the short trip to Ewood Park after the weekend.
The Wanderers boss can currently play just five of Coke, Simeon Slavchev, Barry Bannan, Rochinha, Ben Amos, Saidy Janko and Adam Le Fondre, although an eighth loanee, Kevin McNaughton has also been ruled out for the remainder of the campaign.
McCarthy would make it nine, leaving Lennon with some big choices to make as he plugs the gaps left by injuries to his regular squad.
One undoubted success on the loan front has been striker Le Fondre, who has found a new lease of life at Wanderers since arriving from Cardiff City.
“I’m really enjoying my time here,” he said. “It’s really reinvigorated me.
“The manager is a big reason for it because he gives me so much belief.
“I think that has really shown in my performances.”
Meanwhile, Wanderers fans voted another loanee, Bannan as their man of the match against Reading, with the Scottish midfielder taking 77 per cent of the vote in The Bolton News’ online poll.