Bristol City have entered talks with Ipswich over a potential deal swap involving Jay Emmanuel-Thomas and Paul Anderson, BBC Points West understands.
Forward Emmanuel-Thomas, 22, has a year left on his deal at Portman Road but has been placed on the transfer list by manager Mick McCarthy.
Winger Anderson joined Bristol City from Nottingham Forest last summer.
The 22-year-old made 30 appearances during the 2012-13 season, in which City were relegated to League One.
Anderson, who can play on either flank, is contracted at Ashton Gate until next summer.
Emmanuel-Thomas previously played under City head coach Sean O'Driscoll during a loan spell at Doncaster in 2010.
The ex-Arsenal youngster has been with Ipswich since 2011, making 75 appearances, but could only make three starts from October to May.
Anderson struggled to retain a place in the team under former City boss Derek McInnes, and was handed 14 of his 18 season starts by O'Driscoll, who was appointed in January.
Meanwhile, Bristol City have confirmed veteran defender Louis Carey has signed a one-year deal to remain at Ashton Gate next season.
Bar a six-month stint at Coventry, the 36-year-old has spent his entire career with the Robins, and is three games away from equalling striker John Atyeo's all-time appearance record of 645 games for the club.