Ipswich Town are set to complete a sensational swoop for Leicester City striker Chris Wood on the eve of their East Anglian derby match against Norwich City, at Carrow Road, on Sunday.

The EADT and Ipswich Star understands that Town owner Marcus Evans is at an advanced stage of negotiations with the Premier League Foxes regarding a loan switch for the burly 23-year-old striker.

Town boss Mick McCarthy has long been interested in adding Wood – a New Zealand international team-mate of Blues defender Tommy Smith – to his squad, with fellow Championship promotion rivals Bournemouth and Wolves having also told Leicester to keep them informed if he were to become available.

Wood has made just seven substitute appearances in the Premier League this season, scoring against Everton last August. In 2014/15 he scored eight times in 29 appearances as Nigel Pearson’s men took the Championship title in style. The campaign before that he scored 11 goals in 19 appearances on loan at Millwall, as well as a further five for Leicester in the second half of the campaign.

It will be a bold statement of intent from Town, who are currently third in the table heading into the final 13 games.

Wood would compete for a starting spot alongside 21-goal Championship leading scorer Daryl Murphy, January signing Freddie Sears, the soon-to-be fit-again David McGoldrick and Blackburn loanee Luke Varney.

If the paperwork is done in time he will go straight into the squad for Sunday’s televised East Anglian derby at Carrow Road (2.05pm ko, Sky Sports) and would become an instant hero among supporters if he enjoyed a dream debut.

Ipswich had been set to sign Leicester winger Anthony Knockaert on loan this week, a deal having been agreed, but the Frenchman – out of contract in the summer – decided to pull the plug on the move.