Kanu will not be leaving Portsmouth at the end of his contract as he is close to agreeing a new deal. The Nigerian actually triggered an appearance-based clause last season to earn a 12-month extension.
And the forward's legal representative, Samuel Okoronkwo, told The News: "I fully expect Kanu to be playing at Portsmouth next season.
"I can confirm that we are currently in negotiations with Peter Storrie and are making good progress. I am hoping, at the close of play, he will be here.
"There was interest from elsewhere, although I am not at liberty to name them.
"But Portsmouth holds his interest and he is willing to show his loyalty to the club and stay longer. This is where he wants to be."