Arsenal keeper Jens Lehmann will decide whether to accept the club's offer of a one-year deal within the next week.
Lehmann has only been offered a one-year deal
The 37-year-old German's contract expires at the end of the season but Arsenal's policy is to offer senior players only 12-month extensions.
"I think there will be a decision within the next few days or next week," Lehmann told the club's website.
"I would like to play here, I have always said I would like to stay but no decision has been made yet."
The keeper is understood to have wanted the security of a two-year deal at the Emirates Stadium and has not ruled out a return to his homeland if he decides to reject Arsenal's offer.
Lehmann joined Arsenal from Borussia Dortmund at the age of 33 and has signed three one-year contracts with the club.
The German is Gunners' boss Arsene Wenger's first choice between the posts ahead of Manuel Almunia and Mart Poom and has made 181 appearances for the club.
Lehmann remains in good form and has also taken over from Oliver Kahn as the German number one, helping them reach last year's World Cup semi-finals.