Tony Pulis is trying to get the England stopper to the Britannia Stadium on loan for the rest of the season and is battling to get the deal done before Saturday’s meeting with Liverpool.
James fears that Pompey’s problems both on and off field will have a massive effect on his chances of making Fabio Capello’s World Cup squad and having already fallen behind Ben Foster and Robert Green, is keen to leave the crisis club.
Pulis plans to offer James a deal for next season too but the ex Liverpool keeper only wants to concentrate on securing the #1 jersey in South Africa.
The move could be benefitial to both parties as Portsmouth attempt to slash their wage bill with James in the final months of a £2m a year contract.
Spurs and Sunderland have also ben linked with a move for James but Pulis has been working behind the scenes for some time to secure the deal for the 39 year old.