Portsmouth consultant Peter Storrie is hoping the club can reach an agreement with Lens to allow Aruna Dindane to play on for the rest of the season.
Dindane has scored seven goals in 20 appearances for the Premier League's bottom club since joining on a season-long loan from Lens.
However, he can only play one more game for Pompey before the troubled South Coast club must stump up £4million to sign the striker on a permanent basis.
The 29-year-old is reportedly being saved for the FA Cup semi-final against Tottenham Hotspur in a fortnight's time, with Portsmouth lacking the funds to complete a permanent deal.
Storrie, who stepped down from his role as chief executive earlier this month, is due to meet with Lens in the coming days and is keen to discuss a deal with the French club which would enable Dindane to play a role in Pompey's run-in.
"The situation isn't helping anyone, given the position Portsmouth are in," Storrie told the Sunday Mirror.
"We can only play Aruna Dindane for one more game without being burdened by the clause that means we have to buy him.
"Hopefully we can come to an agreement.
"That way, if he plays, and plays well, it puts him in the shop window, helps us out, and more importantly gets Lens a decent fee for him at the end of the season."