According to reports, the striker will join Leyton Orient, with O's forward Lee Thorpe moving the other way.
Alexander netted 20 goals in his first few months at Boothferry Park after moving from Swindon, but since the turn of the year he has only been on target 7 times.
He has been linked with transfers to Carlisle, Brighton and Rotherham, but Orient are the latest club to come into the frame.
Thorpe was dropped from Orient's starting line-up for the first time this season, fueling speculation that he will leave Brisbane Road.
Jan Molby gave no explanation for Alexander's omission at Kidderminster today, simply saying that "all will become clear at the start of next week."
Meanwhile, Molby says that there has been no further correspondence with Carlisle since their approach to sign Matt Glennon on loan almost two weeks ago.