A source said Sky Sports News that a loan commission has been agreed.
Swansea, Reading, Bristol City and former loan club Derby all remain interested as the final day of the National Window approaches.
Swansea saw a loan offer turned down on Thursday.
Premier League champions Liverpool have decided they want Swansea to provide a bigger financial commitment.
A number of Premier League clubs had shown interest in Wilson earlier this summer, but his only option to move away from Anfield is now the EFL.
Premier League and EFL clubs can still do business until 5 p.m. Friday after the international deadline – where English clubs could buy, sell and loan players from abroad – closed on October 5.
Clubs can buy – whether on loan or permanent signing – and sell, but there cannot be transfers between Premier League sides.
In August, Sky Sports News reported Wilson would only be leaving Liverpool on a permanent deal – otherwise he would be part of Jurgen Klopp’s squad for the 2020/21 campaign.
At 23 and already a full-fledged Wales international, the Liverpool academy graduate enjoys regular first-team football, having scored seven goals in 31 Premier League appearances for Bournemouth last season.
National agreements that could still happen
Deadline Day 2 is approaching – and Premier League clubs can still sign EFL players. Who else could act before the interior window closes?
The extensive transfer opportunity, allowing Premier League clubs to buy, sell and loan players with League, Ligue 1 and Ligue 2 clubs, gives top clubs the opportunity to strengthen their workforce.
Read the feature here …
When does the second transfer window close?
The national transfer window closes at 5 p.m. on Friday, October 16.
Where can I follow?
Follow ‘Deadline Day 2’ with our Transfer center blog on Sky Sports digital platforms.
Sky Sports News will also be through all the latest comings and goings with transfer bulletins and the latest news from the clubs that move throughout the day.