Aston Villa chairman Doug Ellis has revealed he hopes to firm up a proposed takeover bid within the next month.
Ellis, who owns a 33% stake in the club, confirmed that an offer from a mystery group had been received at the club's annual general meeting.
"We have had an approach, and it is interesting, there is no doubt about that," Ellis said. "But it isn't finalised. We are still working on it.
"I hope to be able to let people know more within the next month."
A Russian consortium had been linked with Villa although the club initially denied this.
Ellis has already rejected a £47m bid from a group which included former Manchester City player Ray Ranson in July.
The 81-year-old valued the club at £60m although he insisted that money would not be the motivating factor in deciding whether to sell the club.
"What I will say is my criteria is that we only want people who are seriously interested in the future of Aston Villa," said Ellis, who insisted he would not stand aside from negotiations.
"Of course, the price is important but it is not as important as having the right people to take this club forward."
Ellis gave no hints about his own long-term future at the club, where he has held sway since 1982.
He again came in for criticism at the AGM and failed to win re-election by a show of hands but exercised his proxy vote.