The deal which is rumoured to be £1million will see Stead make the switch to Pride Park on New Year's Day after an extremely unsuccessful time with Sunderland.
Lewin Nyatanga is thought to be part of the deal but no figures have been revealed. The Welsh defender has been on loan at Sunderland for a few months now and has so far done well. His loan deal ends at the beginning of January, as does Stead's.