Within hours of May's strike in the Perth club's Europa League draw with Spartak Trnava, Wednesday had increased their previous bid for him, paving the way for the 21-year-old to open discussions, with a decision on which club he will join expected at some point today.
Tommy Wright, May's manager at St Johnstone, had become resigned to losing his talisman - who is out of contract next summer - after the forward decided not to sign a contract extension following their Scottish Cup win over Dundee United.
And yesterday he moved quickly to sign long-term target Adam Morgan, a former Liverpool youth player, from Yeovil on a six-month loan deal.
Wright said: "We always said nothing would happen with Stevie before the European game in Slovakia and that's the way it has worked out.
"I'm delighted to get Adam because I've been chasing him for a while. It didn't happen the last time because he went to Yeovil instead but when it became clear he could be available again we've managed to get it over the line this time.
"He's got a lot of quality, he's got good movement and is a great finisher. I see him as an out-and-out striker. He was on the fringes of Liverpool's first team and (manager) Brendan Rodgers has spoken very highly of him."
Morgan will feature in the squad to face Ross County in Dingwall for the sides' season opener today, but defender Brian Easton is ruled out with a foot injury.
Among those raring to when the action gets under way in the Highlands is Graham Carey, with the County player pleased to put a summer of uncertainty behind him.
The former Celtic and St Mirren midfielder's deal expired at the end of last season and with his girlfriend Rachel pregnant, the Dubliner faced a big decision over his future.
However, the couple opted to relocate to the Highlands and, luckily, Derek Adams had kept the door open for Carey with a place in his squad.
After signing a one-year deal, the 25-year-old said: "It was just a matter of sorting out the contract and getting things right. It was just good to get it done before the season started, rather than wait any longer."