Portsmouth administrator Andrew Andronikou has told Nadir Belhadj to drop his wage demands if he wants a move away.
The left-back has so far attracted bids from clubs in Qatar, Italy and France, all of which have fallen below Pompey's £4-5m valuation.
Andronikou believes the main sticking point to a potential sale is the player's wages.
He told The News: "The main sticking point, though, is his wage demands.
"Obviously we are trying to achieve the right price and value for the club - but we are also up against the player getting the salary he wants. Let's not forget, players can influence a transfer.
"In this case, Belhadj is out to further his money. Clubs are not willing to pay more than the players are earning now, though, and that is causing problems. Then you've got the agents who want to maximise their client's income and it throws up sticking points all over the place.
"There is interest there, but the wage issue also has to be addressed if it is to progress how we all want it to."