Portsmouth are hoping to have a new chief executive in place by next week, allowing them to find a new manager.
Pompey have been without a boss since Avram Grant handed in his resignation last week.
The Israeli appears destined to succeed Gianfranco Zola at West Ham, with his future set to be decided imminently.
Unfortunately for Portsmouth, they must wait a little longer before finding out who will be handed the reins at Fratton Park.
Administrator Andrew Andronikou insists a chief executive must be in place before any decision is taken, but is confident such an appointment is not far off.
"The managerial position will be decided by the incoming chief executive," he said.
"I don't expect there to be much news on that position until he comes on board, which I'm hoping is going to be next week.
"I don't think it's for us to be choosing managers, the ultimate decision has to be the chief exec's."
Andronikou went on to reveal that offers have been received for a number of players this summer, but claims Pompey will not be forced into accepting derisory bids.
"We've had offers but they haven't come up to scratch in terms of our valuation," he added.
"There's no fire sale. We've had lots of agents ringing up trying to advise us that we can't pay their players their salaries so they'll move them for nothing.
"That's not the position. We've got cashflow, we can pay their wages and we are going to sell them for their market value."
Pompey do expect to move a number of players on over the coming weeks, with Andronikou admitting that he expects there to be plenty of transfer activity on the South Coast as the club look to generate much-needed funds.
"We've got numerous agents trying to move a few players, who I hasten to add want to leave in any case," he said.
"We need to sell those players to thin down the wage costs for next year and to create working capital for the club going forward, and also to create some cashflow in order to pay the first dividend to creditors.
"We're just working with the players' agents trying to move things on as quickly as possible. Most of the players involved are internationals and there's an increased urgency in their minds to get their destinations sorted before they play in the World Cup.
"The principle two are Kevin-Prince Boateng and Nadir Belhadj, those are the two main targets who we're looking to move on.
"We've had no direct contact. We've got to find a club that want to buy them and we hope that club will be a preferred destination for the player. The players will have their own ideas of where they want to play."
Papa Bouba Diop is another player linked with the exit door, with Greek side AEK Athens reportedly one possible destination.
But Andronikou said: "There's lots of conjecture, but there has been no contact."