He could sign either a one year contract with us or a longer one which could be terminated by him if we go back down.Do you really think he's going to sign a new contract with us if we go up? A club very likely to come back down? With 12 months left. He can basically just refuse to sign and we wither have to sell on the cheap (which means more clubs would be in for him) or lose him for nothing.
I have no idea what's going through his head, but it was made pretty clear before that his agent is looking for something better.