Serie A side Palermo believe that a final decision on the future of Javier Pastore will be made by mid-July.
The Argentine playmaker has been made available for sale if a club makes a €50m offer to the Rosanero.
The midfielder's agent is also in talks with a number of outfits regarding a potential transfer this summer.
"I think that the situation will be resolved in about 10 to 15 days time," President Maurizio Zamparini told GR Parlamento.
"He'll either move before the Copa America ends or he will stay here and continue to play for us," added the Stadio Barbera chief.
When asked whether the player was likely to be sold or not, Zamparini seemed to open the exit door.
"I think there is a 90 per cent chance that he will leave because that is the player's desire when you consider the clubs who want him.
"Pastore will go to England or Spain, but I'd exclude Barcelona, because they already have Andres Iniesta and Xavi in that position.
"The favourites are Real Madrid and Malaga. Manchester City are also interested in him, as well as Manchester United and Chelsea.
"In Italy at the moment there is no money for the champions.
"Big clubs spend almost all the money on players' salaries, which are not compatible with this football.
"Juventus? They had come forward before the arrival of Coach Antonio Conte, but Pastore isn't suitable to their type of game."
Betting on Serie A? Bet365 are offering a 100% deposit bonus, up to £200 - find out more