The 30-year-old has struggled for playing time at the Black Cats since joining from Italian champions Juventus in July 2013.
According to Sky Sport Italia, the Italy international will undergo a medical with Bologna on Sunday ahead of a loan move to the newly-promoted Serie A club.
Giaccherini has made 21 appearances for Italy and represented his country at Euro 2012.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Napoli | 13 | 9 | 2 | 2 | 20 | 9 | 11 | 29 |
| 2 | Atalanta BCAtalanta | 13 | 9 | 1 | 3 | 34 | 16 | 18 | 28 |
| 3 | Inter Milan | 13 | 8 | 4 | 1 | 31 | 14 | 17 | 28 |
| 4 | Fiorentina | 13 | 8 | 4 | 1 | 27 | 10 | 17 | 28 |
| 5 | Lazio | 13 | 9 | 1 | 3 | 28 | 14 | 14 | 28 |
| 6 | Juventus | 13 | 6 | 7 | 0 | 21 | 7 | 14 | 25 |
| 7 | AC Milan | 12 | 5 | 4 | 3 | 20 | 14 | 6 | 19 |
| 8 | Bologna | 12 | 4 | 6 | 2 | 15 | 16 | -1 | 18 |
| 9 | Udinese | 12 | 5 | 1 | 6 | 15 | 18 | -3 | 16 |
| 10 | Empoli | 12 | 3 | 6 | 3 | 9 | 10 | -1 | 15 |
| 11 | Torino | 13 | 4 | 3 | 6 | 16 | 19 | -3 | 15 |
| 12 | Roma | 13 | 3 | 4 | 6 | 14 | 18 | -4 | 13 |
| 13 | Parma | 13 | 2 | 6 | 5 | 17 | 21 | -4 | 12 |
| 14 | Hellas VeronaHellas Verona | 13 | 4 | 0 | 9 | 17 | 32 | -15 | 12 |
| 15 | CagliariCagliari | 13 | 2 | 5 | 6 | 14 | 24 | -10 | 11 |
| 16 | Genoa | 13 | 2 | 5 | 6 | 11 | 24 | -13 | 11 |
| 17 | Como | 13 | 2 | 4 | 7 | 13 | 25 | -12 | 10 |
| 18 | Monza | 13 | 1 | 6 | 6 | 11 | 16 | -5 | 9 |
| 19 | Lecce | 12 | 2 | 3 | 7 | 5 | 21 | -16 | 9 |
| 20 | VeneziaVenezia | 12 | 2 | 2 | 8 | 11 | 21 | -10 | 8 |
| > Serie A Full Table | |||||||||
