Sheffield Wednesday are holding out for £5million in compensation if Steve Bruce is to leave and become manager of Newcastle United
, but Mike Ashley is refusing to pay that much, according to The Northern Echo
As a result, the current Sheffield Wednesday boss has been left in limbo as he waits for the two clubs to reach a decision.
'It is in the hands of the clubs. For me, there is nothing to talk about until the two clubs reach some sort of compromise,' he said towards the end of the week.
'I have had a conversation (with Newcastle), yes. It has happened so quickly that I have to take stock of the whole situation. As I've said, it is in the hands of both clubs and we will see what develops over the next 24, 48 hours.
'It's football, it has come from nowhere really over the last two or three days. We will see what the weekend brings.'
Bruce signed a one-year rolling contract with Wednesday in January, and owner Dejphon Chansiri made sure a compensation clause was built in.
He is keen for Newcastle to pay the full amount of £5million for Steve Bruce, as well as Steve Agnew and Stephen Clemence, backroom staff who would also be leaving.
However, owner Mike Ashley is reluctant to pay the sum, having only offered £1million.
Newcastle managing director Lee Charnley has so far reportedly entered talks on two occasions to reach a compromise with no success.
Steve Bruce is currently still with Sheffield Wednesday, and was in charge of a pre-season match against Lincoln on Saturday.
The affair turned ugly after an irate fan confronted Steve Bruce in the dugout over his desires to leave the club.