Hermann Hreidarsson is finally set to tie-up his Pompey future.
The veteran defender is currently out of contract, although a new deal has been sat on the table for two months.
Despite wanting to remain at Fratton Park, Hreidarsson has been unhappy at the reduced terms offered.
As a result, a fresh 12-month contract has still to be signed.
However, after talks with David Lampitt, Hreidarsson’s agent Olafur Gardarsson believes a deal is now close.
The defender will not be at pre-season training with the rest of his team-mates today.
But Gardarsson is hopeful matters can be finalised in time for the Icelandic international to be back training with the Blues before the week is out.
He said: ‘Things are close but we are not there yet.
‘Hermann won’t be there at training today, he has something else to attend to.
‘Hopefully something will happen in the next few days.’
Despite turning 37 next week, Hreidarsson remains a fierce competitor and last year re-established himself in the first team.
He has totalled 121 appearances and scored eight goals since his arrival in the summer of 2007.
One of the few remaining members of the 2008 FA Cup-winning squad, Hreidarsson has gone on to establish himself as a cult Fratton figure.
The ex-Ipswich man’s future appeared in doubt after sustaining a career-threatening injury at Spurs in March 2010.
But he returned to start the last 19 matches of the season at left back, once again emerging as a key performer.
Now he is set to secure a fifth season at Fratton Park by penning a new deal.