The former Aston Villa star joined the Catalan outfit on a short-term deal during last season's transfer window.
The Moroccan international played his part as Espanyol managed to stave off relegation, and the club were keen to tie him to a new deal.
However, the Primera outfit are reported to be unhappy at being made to wait by Hadji who has yet to sit down with the club to talk over terms.
It is claimed that Espanyol will turn their back on the 32-year-old if they can find a suitable replacement for the right hand side of their midfield.
Espanyol are more optimistic over Ivan de la Pena and hope to persuade the midfielder to pen a new deal in the coming days, although former boss Luis Fernandez hopes to lure him to Benfica where he has taken over as manager.
Espanyol have also been offered the opportunity to strengthen their striking options as Valencia have made Brazilian striker Ricardo Oliveira available to them.
The reigning Spanish champions have given the Catalans the chance to either take the hit-man on a season-long loan, or complete a permanent deal for ‚é¼3-4 million.
Espanyol boss Miguel Angel Lotina could well be tempted to pursue a deal for Oliveira, who failed to settle at Valencia last term, as Romanian striker Claudiu Raducanu looks set to leave Estadio Olimpico and join Arminia Bielefeld who have just been promoted back to the Bundesliga.
