Everton midfielder Thomas Gravesen plans to see out the final year of his contract at Goodison Park.
But the Danish international, recently linked with Celtic, will not sign a new contract until he sees that the crisis-hit club's future is more secure.
Toffees boss David Moyes told the club's website: "I have spoken to Thomas. He says he wants to see Everton making progress.
"The ball's in our court. We need to make him think Everton can compete."
Everton's decision to drop their interest in Dutch star Mark van Bommel will probably not have impressed Gravesen.
Midfielder van Bommel said he felt the Merseysiders were not big enough to warrant him moving from PSV.
Moyes said: "We are disappointed but we will look to move on.
"We have been there or thereabouts with many players and hopefully when the right one comes along he will chose Everton."
Recently, Gravesen's agent John Sivebaek told BBC Sport: "I've not heard anything from Celtic. I think Thomas he'll stay at Everton one more year.
"We don't know about a new contract - it's difficult to say because we've not had any discussions with Everton yet."
Sivebaek added: "Thomas is very happy at Everton and he would be happy to stay for one more year.
"But he has to go on with his career - he's been there for five years and wants to see what he can do next.
"But we will wait and see what happens - we're not in a hurry."