Spanish side Real Sociedad are in line to sign Liverpool's Mark Gonzalez and Portsmouth's John Viafara on loan for the rest of the season.
Liverpool's Mark Gonzalez (l) and Portsmouth's John Viafara
Both deals are subject to the players passing medicals on Monday.
Colombian midfielder Viafara, 27, joined Portsmouth in July 2005 while Liverpool signed Chile winger Gonzalez, 21, from Albacete in October.
Sociedad sacked their coach Jose Maria Amorrortu on Monday after a poor recent run of results.
Liverpool's Gonzalez cannot play for the Reds until he gets a work permit or receives a Spanish passport - due this summer.
The South African-born Chile international will qualify for a Spanish passport on grounds of residency because of his time spent playing there for Albacete.
However, that process may take several months so Liverpool will also apply for a work permit in the summer to allow him to play until the passport is received.
Viafara has made 10 starts for Pompey since joining from Colombian side Once Caldas, scoring one goal.