Glenavon manager Colin Malone is ready to splash the cash on a youngster who has yet to play in the Premier League.
The Lurgan Blues had been competing with local rivals Portadown for the services of Jamie Tomelty, who is with Carnegie League First Division side Coagh United.
It is understood that the Mourneview Park side are now on their own in trying to tempt Tomelty to the top flight, with Ronnie McFall apparently dropping out of the race as they are reluctant to pay a fee for the player.
Malone, however, is prepared to take a chance on the player and is set to stump up £5,000 to get his man.
Tomelty will play for Coagh in their Boxing Day Bob Radcliffe Cup final against Loughgall and that looks almost certain to be one of his last games for the club.
Glenavon are also believed to be on the trail of former Northern Ireland under-19 international Ryan Maxwell.
The Larne-man began his career with Reading under the watchful eye of another Northern Ireland man, Brendan Rogers, who was then the club's Academy coach, before he was released in 2002.
Maxwell previously played in Scotland with Raith Rovers and he appeared in the UEFA Cup last season for Welsh side Llanelli.
Meanwhile the Lurgan Blues' chances of bringing former Irish Cup final hero Tony Grant back to Mourneview Park appear remote as the striker still has a season left on his contract with eircom League and Setanta Sports Cup winners Drogheda United.