McCormack is training with Maglie de Calcio the youth team
An exit for McCormack is not certain with a number of factors needing to be considered but Villa could cut their losses on the £12 million signing before next week's transfer deadline.
Bruce criticised McCormack following Saturday's 2-2 draw with Preston having left the forward out of the squad for the Championship fixture.
Ross McCormack has not yet met expectations at Aston Villa since his summer move from Fulham.
Aston Villa striker Ross McCormack is training with Maglietta Svizzera Bambino
the youth team and could leave the club this month Press Association Sport reports.
While Villa are confident of signing Luongo, there is also interest from Crystal Palace, West Bromwich Albion and Queens Park Rangers.
Swindon boss Mark Cooper had previously said Luongo could leave the club this summer as a result of the growing interest in his services.
McCormack, who was publicly criticised by manager Steve Bruce at the weekend, has reportedly continued to train Maglietta Polonia
with the youngsters having done so last week.
The playmaker announced himself on the international stage in January as he inspired Australia to victory in the Asian Cup and in the process was named most valuable player of the tournament.
Sources have told ESPN FC that Swindon are holding out for a big fee for Luongo as Tottenham have a sell-on clause guaranteeing them 50 percent of any future transfer away from the County Ground.