He could link up with Molby again at Kidderminster where he has returned to manage, as Peter Taylor revealed on the official Hull City site.
He said: "I don't really want Dean to go because he is a tremendous professional and a very important figure within the dressing room.
"He's worked very hard this season and is in the best condition I've seen him in.
"But I understand that as a footballer he wants to play regular first team football and it looks as though Kidderminster could offer him an opportunity to do that."
The possible transfer could either go ahead immediately or when his contract expires in the summer, although some quarters are already suggesting he could be in the Harriers squad for their game with Cheltenham tomorrow.