Melbourne Victory are set to re-sign former defender James Donachie from Korean side Jeonnam Dragons, with promising 24-year-old centre-back Nick Ansell moving in the opposite direction.

Donachie was spotted at Victory training on Thursday ahead of an expected loan move until the end of the A-League season.

James Donachie heads the ball in action for Victory in last season's grand final. Credit:Newcastle Herald

The 195 centimetre central defender moved from the Victory to Jeonnam Dragons in June last year and made 11 appearances, the most recent on December 1 when Jeonnam were relegated after finishing in last place.

He completed some light fitness work away from the main group at Victory training on Thursday.