Paul Jewell has confirmed Ipswich have rejected a bid from Pompey for Grant Leadbitter.
But Jewell has admitted the midfielder could be on his way from Portman Road if his new contract talks break down.
Leadbitter spoke at the weekend to say he is happy with the Tractor Boys in the wake of the Blues’ effort to bring him to Fratton Park.
He is discussing a new deal with Ipswich, but Jewell has stated they would cash in on the player if terms couldn’t be agreed.
The feeling at Pompey was there was now little chance of bringing in the 25-year-old.
Jewell said a new offer has been made and he wants his future sorted quickly, with the player in the last year of his current agreement.
He said: ‘We’ve turned down an offer from Portsmouth and Grant knows that.
‘We will make him an offer of a new contract and we want him to stay at the club for years to come, but if that offer isn’t acceptable to him then we’ll have do something about it.
‘He’s getting married in the summer so he obviously wants to get his future sorted out, too.
‘As I say, he seems happy here, but maybe he’s got Chuck (David Norris) blowing in his ear? I don’t know.
‘He’s a good player, a good passer of the ball, and I’m not surprised that Portsmouth are interested.
‘In fact, I’m surprised no-one else has been in for him.
‘I want to get this sorted out soon because once the window passes and you get to January it becomes difficult to keep players that are heading towards the end of their contracts, because they are then open to other offers.’