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Harry Redknapp is already thought to have made contact with Mallorca regarding the 24-year-old, but was put of by the Spanish side's £10million asking price.

Mallorca will have to pay 50 per cent of any transfer fee to Gutierrez's former club Newell's Old Boys but they are willing to renegotiate with Pompey and may yet accept a reduced offer for the Argentina international.

There is still a lot of work to be done before a deal is struck but Gutierrez is hoping the move goes ahead.

"I know the situation and my position has not changed. If the offer is right then I would like to play in the Premier League," he said in the Daily Mirror.

"I am convinced I could be a success for a club like Portsmouth and am ambitious to succeed.

"They have a very good reputation and want to be successful so it is a club that appeals."

Team Talk / Eurosport