Malbranque has been at Fulham for nearly five years
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Fulham are ready to sell midfielder Steed Malbranque after he rejected the offer of a new contract.
Malbranque was offered what the club call "the most significant financial package in Fulham's history" to extend his stay beyond next summer.
However on their website, Fulham say: "Unfortunately Steed has indicated no offer would be acceptable as he wants to leave next year on a free transfer.
"This would be unacceptable to the club so we will listen to offers for him."
The statement added: "Fulham began its negotiations to renew the contract of Steed Malbranque in the summer of 2005.
"Steed potentially leaving on a free transfer is obviously a situation that has clear financial implications.
"The manager, with the support of the chairman and the board, is actively seeking a replacement for him for next season."
Malbranque joined Fulham from Lyon for £5m in the summer of 2001.
He has made over 200 appearances for the club and scored more than 40 goals.