Fulham will 'listen to offers' for star midfielder Steed Malbranque after the Frenchman rejected new terms with the west London club.
The 26-year-old would have been out of contract in summer 2007 and the Cottagers claim Malbranque wanted to play out next season before moving on a lucrative Bosman free transfer.
A club statement posted on the club's official website read: 'Fulham Football Club began its negotiations to renew the contract of Steed Malbranque in the summer of 2005.
'After protracted discussions an offer was made to the player and his agents at the beginning of May which amounted to the most significant financial package in the club's history.
'Unfortunately Steed Malbranque has not accepted this offer and has in fact indicated that no offer would be acceptable at this stage as he would like to leave Fulham next summer on a free transfer.
'This is obviously a situation that has clear financial implications and would be unacceptable to the club, especially as its position is to aim for a top 10 finish in the forthcoming season.
'Therefore the manager (Chris Coleman), with the support of the chairman (Mohamed Al Fayed) and the board, is actively seeking a replacement for Steed Malbranque for the 2006-07 season and the club will listen to offers from all clubs for Steed's immediate transfer.'