Last Updated: Tue, 30 Jun 2009 20:03
Kanu's agent has confirmed he's in talks with Peter Storrie and is close to agreeing a new one-year deal with Portsmouth.
There had been rumours that the Nigerian would end his stay at Fratton Park when his current contract expires tomorrow.
But Kanu has always had the option of staying with Pompey after he triggered an appearance-based clause last season to earn a 12-month extension.
His representative Samuel Okoronkwo told The News: "I fully expect Kanu to be playing at Portsmouth next season.
"I can confirm that we are currently in negotiations with Peter Storrie and are making good progress. I am hoping, at the close of play, he will be here.
"There was interest from elsewhere, although I am not at liberty to name them.
"But Portsmouth holds his interest and he is willing to show his loyalty to the club and stay longer. This is where he wants to be."