Torquay manager Martin Ling has given defender Mark Ellis until next week to make up his mind on whether he wants to leave the club.
Ellis is reportedly attracting interest from a League One club and manager Martin Ling wants the situation resolved sooner rather than later.
"If, in a weeks' time, this club chasing Mark hasn't met our criteria, Mark will stay here," said Ling.
"If they do meet the criteria Mark's got a choice, does he want to go there or does he want to stay here?
"We've not had a club that has met our valuation of Mark Ellis at this time. That club has got two options, one is to meet our valuation, the other is to take us to a tribunal."