Watford have reportedly accepted a £3.5m offer from Swansea for striker Danny Graham.
The Premiership new boys have upped their offer after having a £3m bid rejected earlier this week according to Sky Sports.
Graham has attracted plenty of interest with West Brom and Queens Park Rangers making bids for him in the last fortnight.
The Swans have been long-term admirers of Graham and had enquiries for the striker rejected twice last year, under two different managers.
Current boss Brendan Rodgers was the one who all-but signed Graham for Watford in the summer of 2009 before his departure to Reading.
Speaking after Swansea's 3-2 win over Watford earlier this season, Rodgers said: "Danny Graham is certainly one of the top three strikers in this league."
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