Javier Saviola’s proposed loan move to Espanyol rests upon the player reducing his wage demands and on Barcelona agreeing to pay a percentage of his wages.
The Argentinian playmaker is tempted by the prospect of a move to the city’s second team having been told that there is no place for him at Camp Nou next season.
Espanyol boss Miguel Angel Lotina is hopeful a deal can be arranged.
“There is no time limit for Saviola,” he said.
“He is important enough for us that we do not want to set a deadline. We still believe that he wants to come here.
“It is a complicated situation but the most important thing is that he has shown that he is interested in joining us.”
Espanyol spokesman Jose Luis Morlanes confirmed that the club have made an offer.
“We made a proposal and are now waiting for a response from Barcelona,” he said. “The player wants to come to Espanyol and has showed a lot of interest.
“We have made a great effort to bring him here, I can assure everyone that the offer is an impressive one.
“But we have other options, too, because we cannot wait until August 30.”
According to reports, Saviola earns €5.2 million per year at Barcelona, while Espanyol have offered to pay him €2.7 million.