Southampton Leisure Holdings have entered a 21-day exclusivity agreement with the Pinnacle Consortium.
Two unnamed Irish businessmen are in talks over a takeover at Southampton, who have not been able to pay staff this month.
Mark Wotte says no-one has asked to leave Southampton but expects Grzegorz Rasiak and Marek Saganowski to move on.
Sheffield Wednesday will pull out of the race to sign Southampton striker Gregorz Rasiak after finding his wage demands unacceptable.
Southampton have offered Jason Euell and Bradley Wright-Phillips new contracts on reduced wages.
Nottingham Forest are reported to be closing in on a swoop for Southampton striker David McGoldrick.
Mark Wotte says Nathan Dyer is closing on a move to Swansea, but insists the Swans have yet to meet Southampton's valuation.
Southampton boss Mark Wotte says he is confident of keeping Kelvin Davis at the club after holding talks with the goalkeeper.
Administrators in control of Southampton say talks with a potential buyer for the club have now stalled.
Southampton could lose keeper Kelvin Davis to Championship side Bristol City as they can't offer him a new deal.
Bristol City boss Gary Johnson will not make Stern John's move from Southampton to Ashton Gate permanent.
Southampton boss Mark Wotte has accused Swansea City of going back on a deal for winger Nathan Dyer.
Southampton joint-administrator Mark Fry has confirmed that the Saints could be '48 hours' away from finding a new owner.
Mark Wotte says he's desperate to keep Kelvin Davies at the club but fears he may walk away because of Southampton's financial trouble.
Southampton boss Mark Wotte has admitted the club's financial problems stopped him signing former striker Dexter Blackstock on loan.
Southampton are unable to offer new deals to Bradley Wright-Phillips and Jason Euell, who are now free to join other clubs.
Southampton midfielder Andrew Surman says he does not want to leave the club despite interest from the Premiership.
Southampton boss Mark Wotte says Premiership clubs are watching his star players and admits they will have to be sold.
Southampton welcome back Wayne Thomas, Lee Molyneux and Olly Lancashire for their last game in the Championship before relegation.
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