Darragh MacAnthony has branded out-of-contract Claude Gnapka's wage demands as 'unreasonable'.
The Peterborough chairman is keen to tie the full-back down to a new deal before he becomes a free agent at the end of the season, but has revealed that a compromise now looks unlikely.
The French defender is believed to have turned down a good offer to stay at London Road, and looks set to leave the League One-bound club.
Luton Town, Aberdeen and Sheffield Wednesday have all expressed an interest in Gnapka, and MacAnthony admits that he is not prepared to be held ransom in order to keep the player.
"The club's policy on unhappy players is that we don't want them," the Posh chief told the Peterborough Evening Telegraph.
"He was offered a great new contract this year and has messed us around ever since. Myself and the gaffer want to sign up our best players on long-term contracts and at the same time look after them as a reward for the job they have done so far.
"However I will not be dictated to by any player or his agent and refuse to have players using bids from rival clubs thrown at me as a way to get more money for themselves.
"I also personally feel that a player who is either injured or suspended for over 35 per cent of the time he has been with us should not be setting unreasonable demands either, but when he leaves, best of luck to him."

Morecambe 3-1 Lincoln - Highlights
Skill Skool - Bury
Backe aims for instant promotion
Sven - I have no offers
Eriksson left in the dark
Notts County 2-2 Torquay - Sills & Ellis
Notts County 2-2 Torquay - McParland
Dagenham v Darlington - Reaction
| Time | Fixture |
|---|---|
| Saturday 14th November | |
| Coca-Cola Football League Two | |
| 15:00 | Accrington Stanley vs Dag & Red |
| 15:00 | Aldershot vs Macclesfield |
| 15:00 | Barnet vs Hereford |
| 15:00 | Bradford vs Bournemouth |
| 15:00 | Bury vs Notts County |
| 15:00 | Crewe vs Morecambe |
| 15:00 | Darlington vs Burton Albion |
| 15:00 | Lincoln City vs Cheltenham |
| 15:00 | Northampton vs Grimsby |
| 15:00 | Port Vale vs Rotherham |
| 15:00 | Rochdale vs Chesterfield |
| 15:00 | Shrewsbury vs Torquay |
| Saturday 21st November | |
| Coca-Cola Football League Two | |
| 15:00 | Barnet vs Port Vale |
| 15:00 | Bradford vs Accrington Stanley |
| 15:00 | Burton Albion vs Hereford |
| 15:00 | Chesterfield vs Darlington |
| 15:00 | Dag & Red vs Rochdale |
| 15:00 | Lincoln City vs Grimsby |
| 15:00 | Macclesfield vs Bournemouth |
| 15:00 | Morecambe vs Cheltenham |
| Time | Result |
|---|---|
| Saturday 31st October | |
| Coca-Cola Football League Two | |
| Chesterfield 1 - 0 Barnet | |
| Rotherham 0 - 0 Aldershot | |
| Macclesfield 2 - 2 Bradford | |
| Torquay 1 - 0 Northampton | |
| Dag & Red 1 - 1 Port Vale | |
| Hereford 2 - 1 Darlington | |
| Cheltenham 0 - 4 Crewe | |
| Notts County 1 - 1 Shrewsbury | |
| Bournemouth 0 - 4 Rochdale | |
| Burton Albion 0 - 0 Bury | |
| Morecambe 3 - 1 Lincoln City | |
| Friday 30th October | |
| Coca-Cola Football League Two | |
| Grimsby 2 - 2 Accrington Stanley | |
| Saturday 24th October | |
| Coca-Cola Football League Two | |
| Rochdale 1 - 2 Accrington Stanley | |
| Notts County 2 - 0 Crewe | |
| Bournemouth 3 - 1 Grimsby | |
| Barnet 3 - 0 Darlington | |
| Chesterfield 5 - 2 Burton Albion | |
| Bury 2 - 1 Rotherham | |
| Shrewsbury 3 - 1 Aldershot | |
| Port Vale 1 - 1 Cheltenham | |
| Pos | Team | P | Pts |
|---|---|---|---|
| 1 | Bournemouth | 15 | 31 |
| 2 | Rochdale | 15 | 29 |
| 3 | Dagenham & Redbridge | 15 | 29 |
| 4 | Notts County | 15 | 26 |
| 5 | Rotherham United | 15 | 26 |
| 6 | Chesterfield | 15 | 26 |
| 7 | Shrewsbury Town | 15 | 25 |
| 8 | Barnet FC | 15 | 24 |
| 9 | Bury | 15 | 24 |
| 10 | Aldershot Town | 15 | 22 |
| 11 | Burton Albion | 15 | 22 |
| 12 | Bradford City | 15 | 21 |
| 13 | Port Vale | 15 | 20 |
| 14 | Accrington Stanley | 15 | 20 |
| 15 | Crewe Alexandra | 15 | 18 |
| 16 | Northampton Town | 15 | 18 |
| 17 | Hereford United | 15 | 18 |
| 18 | Macclesfield Town | 15 | 18 |
| 19 | Lincoln City | 15 | 16 |
| 20 | Morecambe | 15 | 15 |
| 21 | Cheltenham Town | 15 | 15 |
| 22 | Torquay United | 15 | 14 |
| 23 | Grimsby Town | 15 | 11 |
| 24 | Darlington | 15 | 5 |
Sunderland fan Lucinda Gittins was strutting her stuff in the Soccer AM studios this week.
Chris Burton catches up with Sam Stockley on the day the experienced defender hangs up his boots.
Gorgeous QPR fan Katie Moran was strutting her stuff in the Soccer AM studios this week.
Jorge Andrade is training with Notts County as the former Portugal ace attempts to find a new club.
Lincoln boss Chris Sutton is hoping to extend the loan deal of Aston Villa's rookie defender Eric Lichaj.
Burton Albion are still unable to put a timescale on defender Paul Boertien's return from injury.
Jamie Forrester claims he has no interest in becoming Grimsby's next manager.
Sol Campbell has hit back at claims he walked out on Notts County halfway through a training session.