Bradford City joint-chairman Mark Lawn has revealed that Nahki Wells's future with the club will be decided during the early stages of the January transfer window.
The 23-year-old striker has been linked with several Championship sides after scoring 15 goals in 21 appearances for the Bantams this season.
Lawn has confirmed that Bradford have already turned down a bid for the player.
"We want the market value for our leading goalscorer and as it stands we're negotiating with another club," he told Football365.com.
"Nahki Wells wants to go - that's what you have to get your head round. Whether we'll be using the money to strengthen this year or next year is down to Phil [Parkinson].
"What we won't be doing is wasting the money, if the right replacement is not available at the right price we won't be spending it."
Wells joined Bradford on a free transfer in 2011 after being released by Carlisle United.