Sam Allardyce is crossing his fingers that Morten Gamst Pedersen will sign a new deal but admits the midfielder will have been made more lucrative offers by other clubs.
The Norway international is out of contract at the end of the season and has been made an offer to stay by Blackburn, whom the 28-year-old joined in 2004.
"We have gone as far as we can from a financial point of view and have made the best offer we can make," said Allardyce.
"I'm sure he can better that offer elsewhere, I'm positive about that - there are plenty of people out there who would like to grab Morten on the basis of his experience and his capability of playing.
"Being on a free transfer could bring far greater financial advantage than probably we have offered.
"But hopefully he will balance that against the fact that he's had a great career here and that he's a regular."
Blackburn will today be without Chris Samba (groin) and Brett Emerton (hamstring) for the trip to Wolves, while El Hadji Diouf is doubtful after suffering from tonsilitis.
Wolves midfielder Matt Jarvis is a doubt with a thigh strain suffered at Fulham last weekend. Karl Henry completes a ban.
Wolves v Blackburn, 6pm, Showmovies Kids
Gianfranco Zola is banking on some Carlton Cole heroics to fire West Ham towards safety against Wigan today.
The Hammers are three points outside the relegation zone and a victory at Upton Park, combined with a Hull defeat to Sunderland, would effectively secure their top-flight status.
Cole has not scored in nine league games and is struggling with a persistent knee injury, which forced him to be replaced early in Monday's defeat at Liverpool. But Zola is convinced the striker is saving his best goalscoring form for when it really matters .
"Carlton hasn't scored for a while but he's keeping an important one back for us," said Zola. "I'm relying on that. He hasn't scored many goals but he is an important player for us."
West Ham were panned for their performance in Monday's 3-0 defeat at Liverpool, after which the players admitted to Zola they had let him down.
"We know we need a reaction," said the manager. "It's a massive game for us and the last game wasn't very good.
The Hammers will be boosted by the return of dynamic midfielder Scott Parker. Luis Boa Morte could make the bench after 11 months out with a knee injury.
West Ham v Wigan, 6pm, Showsports 1 & 2
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NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
ABU DHABI CARD
5pm: UAE Martyrs Cup (TB) Conditions; Dh90,000; 2,200m
5.30pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 1,400m
6pm: UAE Matyrs Trophy (PA) Maiden; Dh80,000; 1,600m
6.30pm: Sheikha Fatima bint Mubarak (IFAHR) Apprentice Championship (PA) Prestige; Dh100,000; 1,600m
7pm: Sheikha Fatima bint Mubarak (IFAHR) Ladies World Championship (PA) Prestige; Dh125,000; 1,600m
8pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Group 1; Dh5,000,000; 1,600m
Results:
Men's 100m T34: 1. Walid Ktila (TUN) 15 sec; 2. Rheed McCracken (AUS) 15.40; 3. Mohammed Al Hammadi (UAE) 15.75. Men's 400m T34: 1. Walid Ktila (TUN) 50.56; 2. Mohammed Al Hammadi (UAE) 50.94; 3. Henry Manni (FIN) 52.24.
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FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.