The former Spartak Moscow ace has failed to hold down regular football in North London and has been linked with Roma of late.
"We've got a strong squad - and we've got Luka Modric to come back. There's more than enough strength in depth," explained Redknapp.
"I don't want to sell Roman Pavlyuchenko. Technically he's a fantastic talent but he keeps saying he wants to go.
"He's got great ability but he wants to play regularly but it's been difficult with (Jermain) Defoe, (Peter) Crouch and (Robbie) Keane all doing well. It's unlucky for him."