Arsenal forward Andrei Arshavin is set to decide whether to return to former club Zenit St Petersburg on loan until the end of the season.
Anzhi Makhachkala are also keen on signing Arshavin, although his agent earlier this month insisted the 30-year-old would snub a move to Zenit's Russian rivals and remain at the Emirates Stadium until the summer.
However, the midfielder knows that staying at Arsenal for the rest of the season could harm his Euro 2012 hopes with Russia.
The Russian transfer window closes on Friday night and Zenit's general director Maxim Mitrofanov said: "Andrei still wants to play in England. But for Andrey it is very important to play in the Euros and being at a home club would be a good option in the current situation.
"We talked with them. Let's see how they continue. We are discussing the possibility of a loan."