West Ham manager Alan Pardew is prepared to offer veteran striker Teddy Sheringham a new one-year contract and an increased role amongst the coaching staff.
Sheringham turns 40 in April but is anxious to extend his playing career beyond his current deal, which expires at the end of this season.
Tottenham, who allowed Sheringham to leave in 2003 after considering him too old, and Blackburn are both reported to be interested in signing the former England striker.
But Pardew insists he has received no inquiries regarding Sheringham's availability - and the Hammers boss warned any approach in the final days of the transfer window would be given short shrift.
Pardew said: 'Teddy has been fantastic for us. He is a player I am desperate to keep at the club and a player we are talking to about next year.
``We have made our position clear and Teddy knows that.
'We want him to stay next year and maybe extend his role a bit onto the coaching side. I feel he has something to offer. I have suggested it to him before.
'I am comfortable with Teddy contributing on the coaching here and I have made that clear to him.
'That is a decision Teddy doesn't want to make yet. At the moment he wants to concentrate on playing and I am fine with that.'
A new deal would allow Sheringham to play on at West Ham, and most probably in the Barclays Premiership, beyond his 41st birthday.
Pardew signed Sheringham from Portsmouth in 2004 and he scored 20 goals last season as West Ham won promotion back to the Barclays Premiership.
He has bagged four in 14 starts this season and faces stiff competition at Upton Park from Bobby Zamora, Marlon Harewood and new £7million striker Dean Ashton.
But Pardew is determined Sheringham has an important role to play in West Ham's pool of strikers.
Sheringham may lack pace and the years may be against him, but his footballing brain remains as sharp as ever.
The former England striker played a vital role in West Ham's bright start to the season and he kept Zamora out of the side until he was sidelined by a calf injury before Christmas.
'I'd have a real problem if I lost Teddy, because that is quality I don't want to lose,' said Pardew.
'Yes, we have got some fantastic strikers but so have Chelsea, so have Manchester United, so have Spurs.
``We are happy with our squad and we feel it is managed okay at the moment.'
Ashton's West Ham debut is set to be delayed as he recovers from a groin problem.
Pardew does not expect him to be fit in time for Saturday's FA Cup fourth round tie at home to Blackburn.
Goalkeeper Roy Carroll is definitely out after his ongoing back problem flared up again.
After ending his six-month search for a new striker by landing Ashton on Monday, Pardew's transfer attentions have now switched entirely to recruiting a new right-back following Tomas Repka's departure to Sparta Prague.
But he warned Hammers fans that with time running out in the transfer window, West Ham may have to wait until the summer to find a permanent replacement.
In the meantime, Christian Dailly will fill in at right-back in against Blackburn and Pardew has urged the Hammers fans to give him their full support.
Dailly's introduction against Fulham on Monday night was greeted by boos from a section of the Upton Park crowd.
'It is difficult to fill the role Tomas played but I am sure our fans will give him the encouragement to do the job,' said Pardew.
'We are working on finding a new right-back. We might not get anyone in because there is less than a week remaining in the transfer window, but we are trying hard.'