HITC Sport understands Wigan are poised to sign Crewe star.
Colclough has been Crewe's standout performer this season and the attacking midfielder is regarded as one of the best young talents outside the top two leagues.
The 21-year-old is Crewe's top scorer this season with eight goals and a host of clubs have been monitoring his progress at Gresty Road this term with Colclough putting in a number of eye-catching performances.
A number of Championship clubs have shown an interest in Colclough, but Wigan have moved quickly to steal a march on their rivals for the winger.
Colclough scored against Wigan in the Johnstone's Paint Trophy earlier this season and he impressed again in last weekend's League One meeting between the two clubs.
Wigan boss Gary Caldwell has been keen to bolster his attacking options during this month's transfer window and he sees Colclough as a key addition to his plans.
Crewe were reluctant to lose Colclough as they battle to secure survival in League One, but they have been unable to turn down Wigan's offer for the former youth product.