The Queensland Reds will roll the dice on its highest-profile gamble since Wendell Sailor when James O'Connor and Karmichael Hunt are officially unveiled as blue-chip signings in Brisbane on Friday night.

Neither man will be at the Reds Gala Ball but speculation about their whereabouts in 2015 can finally end when former Wallaby O'Connor and triple-code warrior Hunt are named as part of the revamped Reds Super Rugby squad.

Sailor played 47 games for the Reds from 2002-2005 after being signed by the ARU with Mat Rogers (Waratahs) as part of a cross-code raid. After a forgettable 2014 season, the Reds are hoping the twin starpower of their new additions can help catapult the franchise back to the Super Rugby finals.

O'Connor's return to Australia has been little more than an open secret in rugby circles, while Hunt all but gave the game away when he announced on Thursday he was leaving the AFL's Gold Coast Suns five years after his stunning code swap from rugby league.