Carlos Tevez's camp insist that the player agreed to waive his wages after going AWOL to Argentina.
Tevez has not played for Manchester City since September following the controversy over his apparent refusal to warm up in the Champions League game at Bayern Munich.
Following an internal investigation, which saw Tevez suspended and fined, he returned to Argentina without the club's permission and has stayed there since.
AC Milan, Inter Milan and Paris Saint Germain have all held talks with City and Tevez, but as yet no deal to take him away has been agreed.
With just a week of the window left, it seems he could indeed remain a City player after January 31.
In recent days it has been confirmed by City sources that Tevez has lost nearly £10million in unpaid wages and bonuses, but his camp insists he agreed with this.
"They [the papers] are running a story based on a briefing given by Manchester City, that Carlos has lost £9.3milion in lost wages and bonuses which is a lot money," Kia Joorabchian's advisor Paul McCarthy told Sky Sports News.
"When Carlos went back to Argentina in November, he and the club came to agreement that he waived his wages - because he was not at Manchester, Carrington, so he waived his wages.
"And the situation is now that - quite frankly from Carlos' point of view - it is never about the money, it is not an economic situation with Carlos; if it had been he would have sat down with City about extending his contract which was on the table at one stage, but that is obviously not the case now and we wait and see what happens over the transfer window."
No cut-price deal
McCarthy also insists that Tevez is not expecting City to accept a cut-price deal.
"Nobody has been under any illusion that City would accept a lower bid, a cut-price, cheap bid - there has never been that understanding," he continued.
"From the outset we knew City would only accept market value and rightly so; why wouldn't they and Kia and Carlos have no issue with that, they have the right to demand any price they wish as, Khaldoon Al Mubarak [City chairman] pointed out, he is still under contract.
"Manchester City set the price; the fact Carlos has not played since September will influence that - but they set the price, they put the valuation on him, we can agree personal terms, discuss them with potential suitors but nobody but Manchester City can put the price on Carlos Tevez.
"He [Tevez] is acceptant of the situation, he knows it [the transfer window] closes next week - everyone is fully aware that Kia has been given the mandate to discuss terms with other clubs, but it is then up to those clubs to come to agreement with City over a fee."