QPR FC are set to invoke a gentle-men's agreement and bring Dean Parrett back to Loftus Road on loan.
The exciting young midfielder was sold to Tottenham two years ago as a 15-year-old for a Premiership record £1million for his age-group.
But the player drafted into Harry Redknapp's first-team squad at the end of last month for a pair of Uefa Cup appearances, will be allowed a spell at Rangers once the Premiership team's relegation worries are eased.
Parrett's initial fee could rise to as much as £3m with add-ons, although Spurs are not remotely considering selling a player who is thought to be among the best of his generation, but do want game-time for their future star.
Rangers had the foresight in February 2007 when they reluctantly made the switch to add a 25 per-cent sell on fee as well as negotiate first-refusal if Parrett is allowed a loan.
A Rangers source said: "The club had no option but to sell him in the first place, although Harry has always been friends with Rangers and can see the benefits of first-team action for Dean."
Not a penny of the original £1m went anywhere else but the taxman's pocket as then cash-strapped Rs fended off a horde of creditors like so many wasps.
But the buzz around the club this week was the prospect of seeing the player they first had as an 11-year-old back in Hoops.
The source added: "Dean went to Spurs because his dad was a massive fan. But the lad himself was always happy during his time with Rangers, and his loan return would, along with the transfer money, be some return for the investment the club put in to his development."