The asking price for the Black Country club is said to be £150 million.
Peace's reported asking price for the Baggies is £150 million, with two groups interested in taking over.
One group is said to be from America and the other the Far East, with the interested parties having been shown around West Brom's facilities in recent weeks. The People point out that West Brom's availability means three West Midlands clubs are on the market in the Baggies, Aston Villa and Birmingham City.
On the pitch, meanwhile, Tony Pulis's efficient job so far at the Hawthorns took a mighty step back yesterday afternoon when Queens Park Rangers thrashed West Brom 4-1.
Goals from Eduardo Vargas, Charlie Austin, Bobby Zamora and Joey Barton condemned Pulis's side to defeat despite a Victor Anichebe strike. As a result, West Brom remain 14th and five points above their nearest rivals - but any more of the same may see them slip down the table.
Should any takeover happen, it would be intriguing to see in which direction the Black Country club go.