A CBS Sports report, which also named Pegula as the front runner, says the expected price tag for the Bills will be between $1.1 and $1.4 billion.
Once identified as the prospective ownership candidates, the Pegulas would require approval from members of the NFL Finance Committee, which is to meet next week. They would also have to go through an extensive background check by an NFL-contracted security firm.
The final step would be approval from three-quarters of the league's 31 other owners, which could come at league meetings next month. After that, NFL owners are next scheduled to meet in December.
Under NFL ownership rules, the Pegulas are allowed to own both the Bills and the Sabres because they are located in the same market.
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