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Indeed, should the dramatic double swoop be completed, Reading's relationship with the Millers would not be too disimilar to West Ham's 'We'll sell him to you' link-up with Chelsea of recent years.
In a brief statement today, a Rotherham spokesman confirmed that they were interested in the possibility of bringing in the transfer listed Royals pair.
"Nathan Tyson and former Miller Kevin Watson have both been named as potential targets." confirmed the club.
But if Ronnie Moore wants to sign the two Royals men he will face competition from a series of clubs. Watford, Reading's opponents this weekend, are interested in signing Watson. Whilst Plymouth, and two other clubs, are known to have enquired about Nathan Tyson.
Watson, a former Miller who received a fair amount of abuse from the Millmoor 'faithful' at the end of his spell in South Yorkshire, today admitted that he would consider a move back to his former club.
"If Ronnie came in and wanted to speak to me there's no way I am against that. I have a young family to look after, my contract is up in the summer and like anyone in any walk of life I need a job," he said to readingfc.co.uk.
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Meanwhile, Tyson revealed that he would also consider a move North to play for the Millers. Whilst a multitude of clubs are believed to be considering a swoop for the former England under 20 international, Tys says the situation is beyond his control.
"Reading pull the strings as far as my future is concerned and I haven't got much control. All I can say when the club mention something to me is yes or no and take it from there. I have to do what Reading say right now," he said to the official site.
"There are no clubs that I wouldn't consider. Rotherham are a good club."
Elsewhere, Bristol City chairman Steve Lansdown today said that the Robins may be interested in signing former Reading striker Jamie Cureton but the decision will be made by manager Danny Wilson.