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Bolton Wanderers says that an "agreement in principle" has been made for the owner, Ken Anderson, to sell the club.
Anderson owns 94.5% of the club through his company Inner Circle and said in January that he "was doing everything possible" to find a buyer during the supporters' demonstrations.
The championship members are scheduled to appear in the High Court on March 20, following the publication of a petition for liquidation by the HM Revenue & Customs.
"A period of due diligence has now begun," said a statement from Bolton.
"Once this process is completed and the EFL requirements have been met, a new announcement will be made to the supporters."
Bolton was beaten 2-1 by Leeds United on Saturday, leaving them second from the bottom of the championship and four points from safety.
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