Swans boss Brendan Rodgers is ready to sign on-loan Hoffenheim striker Gylfi Sigurdsson for £7million.
The 22-year-old impressed while on loan at Swansea this season, scoring seven goals in just 19 top-flight games since joining the club in January.
Swansea’s current club record signing is Danny Graham, who joined the club in a £3.5million deal a year ago.