After announcing his desire to play for a club competing on the international stage, Hojbjerg has been frequently linked with a switch to the Tottenham Hotspur stadium in recent weeks.
Walker-Peters, meanwhile, spent the 2019-20 season on loan at Southampton from Spurs, and the right-back finished the campaign strongly under Ralph Hasenhuttl.
According to Sky Sports News, the two clubs have agreed on a £15m fee for Hojbjerg to make the switch to North London, while the Saints will fork out £12m to keep Walker-Peters on the books at St Mary's permanently.
The report claims that personal terms are yet to be agreed for Hojbjerg and Walker-Peters, but both sides should navigate discussions with relative ease as the two players look forward to signing with their new clubs for the 2020-21 campaign.
Hojbjerg has turned out 134 times for Southampton across all competitions, while Walker-Peters has only managed 24 first-team appearances for Spurs. body check tags ::