Wolverhampton Wanderers are adamant that they are not looking to cut their losses on David Jones and will attempt to convince the midfielder to sign a new contact at Molineux.
Jones has less than 12 months left on his current contract and Wolves announced on Wednesday that the player has refused to agree terms with the club so far.
But Wolves insist the statement was not designed to create interest in Jones and will not give up hope of persuading him that his long-term future remains at the club.
"We're not ruling anything out regarding David's situation," Moxey told the Express & Star. "Just because we haven't agreed a deal now doesn't mean to say we won't reach agreement at some point in the future. The discussions have been amicable and it's a matter we can re-visit again.
"Look what happened at Blackburn when Morten Gamst Pedersen was out of contract earlier this summer - he signed a new four-year deal despite being a free agent at the time. Both parties are relaxed with the situation and if we stay in the Premier League and David has a good season, then we will act accordingly.
"I must stress, this is not about trying to 'cash in' on a player who may leave for nothing next May. If it comes to the end of the season and we haven't been able to reach agreement with David after he's served us well over three years, helped us to promotion and helped us settle in the Premier League, then so be it, he will walk away for nothing.
"Whatever happens, we are confident David will continue to serve us to the best of his ability and he will remain in the manager's selection plans this season."