The midfielder is due to have a medical with the Championship club over a switch to Portman Road in the transfer window.
Wordsworth had been linked with a £200,000 switch to Town earlier this month, having been invited to train with Mick McCarthy’s squad.
A concrete bid did not materialise but the Gazette understands that a fee closer to around £100,000 could prove enough to land the U’s playmaker, who is out of contract at the end of the season.
Wordsworth was linked with a move to Charlton Athletic last week but no bid was submitted and Addicks boss Chris Powell played down the speculation.
U’s boss Joe Dunne stated last week that Wordsworth may have to put a move to a bigger club on hold and help Colchester with their relegation battle, between now and the end of the season.
However, it now seems as though Wordsworth, who was suspended for the U’s 2-0 win over Walsall, could now move on before Thursday’s transfer deadline.