The Bafana Bafana defender has been on loan at Reading from Tottenham Hotspur since the start of the season, but Brian McDermott has made it clear Khumalo is not part of his plans; he has not played since August.
The Reading Chronicle reports that Osborne is to come in from Brentford as cover in defence, as Sean Morrison has returned to Huddersfield on loan, while "Bongani Khumalo is poised to return to Spurs following an unsuccessful loan".
Brentford boss Uwe Rosler told the Chronicle: "There is strong interest [in Osborne] from Reading, but as far as I am aware they are the only one. We will wait and see whether we do a deal or not, but it has to be to the benefit of this football club."
And McDermott added: "Morrison has gone on loan to Huddersfield so there's a possibility we might bring Karleigh Osborne to cover.
"It's a not a loan, we would just take him. Bongani will go back to Spurs and we have to cover the Sean Morrison situation until the end of the season."
This despite a Spurs spokesman telling KickOff.com two weeks ago: "Bongani is signed on a season-long loan at Reading so will not be going elsewhere or returning here until the end of the season in line with the loan agreement."
After a run of seven wins in nine League matches, The Royals are fifth on the Championship table, in sight of an automatic promotion place.
The club was strapped for cash earlier in the transfer window, but new owners Thames Sports Investment have agreed to consider McDermott's transfer targets as part of their buyout of the club.
Reading are linked to a number of strikers, including Manchester United's Michael Owen, and are also clearing out players deemed surplus to requirements.
With regular centre-backs Younes Kaboul, Michael Dawson, Ledley King, and even William Gallas and Sebastien Bassong, above Khumalo in the Spurs pecking order, a move back to White Hart Lane would spell disaster for the 25-year-old Bafana Bafana man, who is desperately in need of game-time.
Your comments on this story...
Holland, Portugal or less attractive option of playing England's Mvela provided you are guaranteed game time.
.....just a thought guys nothing special....
My suggestions try Switzerland , france, Belgium , Russia EPL will get you hot
.....speak for urself bra dont say "we".who is "we".if u thought that gould is better than khumalo thats ur opinion..
back to topic i think bongani must hang in there.train as much as u can without complaints even if u r not picked...Players being benched happens all over the world..even if he was in whichever league there is no guarantee that he would would into the staring 11. i disagree with u @sam when u say epl is difficult.i think it jst depends on the team you sign for.if the coach trusts the defenders he already has its difficult for him to change his combination 2ndly it may happen that the key player in ur position gets injured / loses form and the coach has no other option .he picks u then u make sure you cement ur place
What is happening to parapledgic nyawane's move to Crystal Palace? Did he pass the audicions or its a fail again? Who is fooling who at the farm house?
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Good question. Weren't we suppose to get news of his failure two days ago? I think the writing's on the wall, head editor of KickOff is a Zebra supporter and is scared we were gonna get all Revelation Biblical on them ignorant fools.
Hahahahaha. Back to PSL Nyawana. See at News Cafe in Maponya mall or at your Fish and chips.
The difference between Gould & Khumalo is age.
This teams look at long term projection & Spurs probably picked Bongani solely for the return of investment.
Morgan Gould being a good player but he's almost 30 yrs if I'm correct.
He has never played in Europe & by the time he settles he could have been 32-33 leaving only 1 season of football.
He can play elsewhere overseas but definately not EPL.
Once again people go into radio station,newspapers,magazines & social media blaming Pitso Mosimane for this but he doesn't run developments.
Our players get mature at ages where they should have been at the peak overseas.