Parkinson confirmed Bolton's interest in Hobbs, who left Nottingham Forest at the end of last month, but played down talk of a move for ex-West Bromwich Albion goalkeeper Boaz Myhill.
Ibrox side Glasgow Rangers are believed to be on the verge of signing Jon Flanagan, with Steven Gerarrd keen to bring in the full-back.
Sunderland are still on the lookout for their next manager as three new names have reportedly entered the fray.
Wolverhampton Wanderers ran out comfortable winners over Bolton Wanderers yesterday.
Bolton, Reading and Sunderland bosses are arguably the Championship managers feeling the most pressure ahead of the weekend - here's why.
The Hearts striker is a reported target for Bolton Wanderers boss Phil Parkinson.
The former Sheffield Wednesday loanee could be on his way to Bolton Wanderers at the end of his contract with Sunderland.
Current Bolton Wanderers boss signed West Ham youngster Josh Cullen at former club Bradford City in 2015/16.
The West Ham United defender is well known to Bolton Wanderers manager Phil Parkinson.
Thomas Christiansen's lack of a reputation in England has left some Leeds United fans feeling less optimistic about his appointment.
The Bolton Wanderers manager has emerged as a candidate to succeed Garry Monk at Leeds United.
Leeds United are reportedly keen on Bolton Wanderers boss Phil Parkinson.
Jaap Stam will be hoping that any signings Reading make during this window will go on to make their way towards the top five in future.