Blackpool have activated a clause in Charlie Adam's contract which in theory gives him another 12 months at Bloomfield Road, but it is unlikely to prevent the Scotland midfielder moving in the summer.
The 25-year-old was the subject of failed bids by Liverpool and Tottenham in January and now Ian Holloway's side have been relegated from the Barclays Premier League it seems inevitable he will leave.
But having successfully fended off offers mid-season Blackpool will hold out for the best price for Adam, having turned down £6million offer from Liverpool four months ago.
In addition to their prize asset, it seems the Seasiders will also find there is plenty of interest in a number of other players as clubs seek to take advantage of their drop into the npower Championship.
With that in mind 12-month options have also been taken out on Keith Southern, Neal Eardley, Ian Evatt, Billy Clarke, Gary Taylor-Fletcher and Louis Almond.
The club have offered new contracts to goalkeeper Matt Gilks, left-back Stephen Crainey, midfielder David Vaughan, striker Brett Ormerod and youngsters Mark Halstead and Ash Eastham.
Blackpool have also confirmed a total of 11 players have been released.
They are goalkeepers Richard Kingson and Paul Rachubka, Marlon Harewood, Andy Reid, Rob Edwards, Danny Coid, Malaury Martin, Jason Euell, David Carney, Salaheddine Sbai and Ishmel Demontagnac.
"Blackpool Football Club would like to thank all of those players departing for their efforts and wishes them all the very best for the future," said a club statement.