While nothing is set in stone, a potential deal would see Dundon given controlling interest of the Hurricanes, according to Shannon.
The news is just the latest in what has become an ongoing saga regarding the sale of the Carolina franchise. Back in July, owner Peter Karmanos Jr. received an offer to buy the franchise from Chuck Greenberg - co-owner of the Texas Rangers - for approximately $500 million.
However, last month Karmanos said he felt Greenberg couldn't afford to purchase the team.
Back in August it was reported there were up to 12 groups interested in purchasing the team and the news of Dundon's discussions doesn't appear to have dampened that figure. As Shannon notes, the team appears to be having discussions with other potential buyers as well.
Karmanos has owned the franchise since 1994 when he purchased the then-Hartford Whalers and eventually relocated the team to Raleigh.