Sheffield United manager Kevin Blackwell is hoping to agree a deal to keep Gary Naysmith at Bramall Lane next season.
Naysmith returned from 12 months on the sidelines with a cruciate ligament injury in last week's win over Swansea City, but is out of contract in the summer.
The Scotland international revealed earlier this year that he would be keen to commit his future to the Blades, having joined the club from Everton in 2007.
Blackwell is looking to tie the 31-year-old down to an extension, but confirmed Naysmith would have to accept a pay cut in order to stay with the Championship club.
"Gary is a very accomplished and a very good defender - that is why Scotland still want him even after his long absence," Blackwell told the club's official website.
"I hope we can do a deal. There will have to be a big compromise, not least on his part, because he has been out for 18 months.
"But he is a sensible lad so there is a chance."