Andrei Arshavin's agent has indicated that his client would be willing to buy out his contract at Zenit St Petersburg.
The Russian playmaker is growing increasingly frustrated with the ongoing saga surrounding his future.
He has made no secret of his desire to secure a move away from his homeland during the January transfer window, but has so far failed to secure such a switch.
Premier League giants Arsenal are believed to be leading the chase for his signature, but Zenit's ever-increasing demands continue to delay any potential agreement.
"Unfortunately in this matter there is no movement," Arshavin's agent Dennis Lachter told the Russia press.
"The sticking point is, of course, money and rather the totally unacceptable amount of Zenit's demands for Andrei.
"The position of the club remains unchanged and that is the reality that we have faced for a long time.
"If the situation remains unchanged we will use Article 17 of the Fifa rules and buy out the contract of Andrei at the club, which could happen as early as November this year.
"In that situation, Zenit would have to be satisfied with a much smaller amount than they are offered by representatives of Arsenal.
"If Andrei becomes a free agent, he will get many proposals, from England, Italy and Spain."
Arsenal are reported to have tabled a £12million pound offer for Arshavin, but Zenit believe their prized asset is worth more than that in the current market.
"The situation has not changed since Friday, which means Arsenal would like to pay only £12m, not one cent more," said Zenit's general director Maxim Mitrofanov.
"And we, at Zenit, are ready to discuss with them about maybe a better offer from our side.
"We are ready to make a step forward to them, but they should do the same.
"However, I have told the people from Arsenal we are ready to discuss a lot of things to make the situation easier for them.
"They have a deadline, as I understand, until 26th January, because after that, they should have some time to get another player and I respect this position."