The deal would initially be a youth loan, with a view to making the switch a permanent one once the loan spell is completed.
Lavercombe was on trial at the club last week and has seemingly impressed the coaching staff at Wanderers. If he is to join, he'd face stiff competition for a place in Iain Brunskilll's u21 side as Ross Fitzsimmons, Harry Campbell and Will Jasskelainen are all already competing for the spot.
The Torquay born shot stopper, who also has a trial at Liverpool earlier this year, has played nine first team games for the National League club. He kept three clean sheets last season and has started Torquay's previous two games.
Torquay manager, Kevin Nicholson, said:
"He's a young man with a fantastic future ahead of him."
"The reports I've had is that he's done very well up there. They're very keen on him so we'll wait and see," added Nicholson.
"He's attracted interest off one or two clubs and Bolton have got first go at it if they want.
"He's got the build, he's got the physique, he's still developing physically. But the most impressive thing for me is his character, how calm he is."
It's certainly interesting that the Whites continue to look to sign players and add them to the Development squad, but is another promising 'keeper really something we need?
Let me know your thoughts below.