The Black Cats have already secured two deals so far this month, bringing defender Jan Kirchhoff in from Bayern Munich as well as striker Dame N'Doye on loan from Trabzonspor.
However, with Sam Allardyce desperately trying to keep Sunderland in the top flight, he may need more new arrivals - and he has set his sights on a hugely ambitious move.
The Chronicle recently suggested that, after failing with a £10m move for Swansea City star Andre Ayew, the Black Cats were plotting a new move for the Ghanaian international.
Now, The Times report that Sunderland offered Swansea cash plus forward Fabio Borini and/or midfielder Jordi Gomez, both of whom impressed during previous spells at the Liberty Stadium - but it's stated that Swansea have rejected that bid too.
Ayew, who has scored seven goals for Swansea this season, only joined the Swans from Marseille over the summer, but it's clear that his exploits in South Wales have triggered interest in his signature.
However, Swansea appear to be digging their heels in over Ayew, and despite being offered two players plus cash, they still won't accept Sunderland's offer - meaning Allardyce may have to look elsewhere for attacking reinforcements this month.
Should Sunderland make a third bid for Ayew?