Bournemouth have smashed their transfer record with a £10million swoop for Benik Afobe, the Wolverhampton Wanderers striker.
The striker will undergo a medical on Sunday but personal terms are not expected to be an issue.
Howe said: "A deal has been agreed, there are still hurdles for us to overcome but we hope he'll sign in time for Tuesday night."
The deal is likely to antagonise Wolves fans, after the club had insisted that the player would not be sold this month.
Howe had been determined to sign a proven forward in the January transfer window after losing Callum Wilson for the season with a serious knee injury.
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And Howe has moved swiftly for Afobe in a bid to fend off competition from Norwich City.
The former Arsenal forward has been in and out of Kenny Jackett’s team in recent weeks but has still scored 10 goals this season for the Championship club. He was left out of the matchday squad for today's game against West Ham.
Eddie Howe wants to bolster his injury-hit squad
It was always feared he would be leaving in January after Norwich had a succession of bids rejected in the summer but Bournemouth appear on course to sign him.
The deal for Afobe tops the previous transfer record which was the £8million paid out for Tyrone Mings, who joined from Ipswich Town in June.
Howe has already captured Roma’s Argentine winger Juan Iturbe on a loan deal which will run to the end of the season.
He said: "It's a difficult window for us as we've been hampered by injuries in key areas. It's a seller’s market and we'll wait and see but as like most clubs find it, it is a difficult window to recruit in.
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