Cardiff City chairman Peter Ridsdale admits it's crunch time for winger Joe Ledley.
Everton, Sunderland and Arsenal have been linked with the Wales captain.
And Ridsdale told Sky Sports: "We haven't had an offer for Joe but he has only got 12 months left on his contract. Clearly we would prefer him to either sign a long-term deal or to go somewhere else.
"Again that is just a fact of life at a football club, but for every player that goes out we will strengthen the squad.