Villa have seen a £8 million bid rejected for Etheridge, with Cardiff wanting to keep hold of the stopper.
However, Dean Smith is still weighing up whether to increase his offer for the Philippine international.
Etheridge was one of Cardiff’s stars during their Premier League campaign last season, and has already proven he can play at the top level.
Villa could be on the hunt for a new goalkeeper this summer, with question marks lingering over their current options in net.
Lovre Kalinic was only signed by Villa in January, but he picked up an injury and looked shaky early on in his career at Villa Park.
Jed Steer finished the season as number one, but there is a feeling he could be upgraded.
And Villa may well go back in with a second bid for Etheridge in the next few days, according to the latest reports.
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