In completing the deal, Coppell could finally be spelling out the end of transfer listed Nathan Tyson's tenure at the club.
Morgan, a left winger who scored in a reserve game against his former club Colchester last week, is considered by the Reading manager to be very much a 'player for the future', as despite his talent his ability needs some nuturing.
Speaking to the official site, Coppell confirmed that he is hoping that deal can be completed imminently.
"We're looking to perhaps try to do something with him and we're talking to his agent this week. That will be an opportunity for him.
"He's certainly not the finished article at the moment," added the Royals boss.
"He will be the first to admit that and he's got to progress with us. We feel we can offer him a stage and it's just down to him, his application, his work ethic, his ability and his desire to succeed."
As a player in very much the same mould as want-away Nathan Tyson, Morgan's arrival is likely only to hasten the rebel winger's departure. Rotherham as well as two additional clubs have registered an interest in the former England under 20 man who has scarcely featured in the first team since Coppell took charge.
But with Tyson's opportunity at the Madejski Stadium gone, Morgan's is just arriving. The youngster is lucky to have been handed a chance by the Royals as he was released by Colchester in the summer following a bust-up with U's manager and Reading legend Phil Parkinson.
Morgan's impending arrival will finally see the beginning of the Steve Coppell revolution.