The October issue of Sky Magazine states that the Sky Player will be available to download on the console. A web address linked from the publication contains the month of release in the URL.
The service will be accessible for Xbox Live Gold members, but only Sky subscribers with the relevant movie and sports packages will be able to access premium content.
As well as live television, it will share features with the PC version of the player, allowing the availability of movies and on-demand content.
The update will also be expected to include social networking functionality, including Facebook and Twitter.