Luka Modric could be offered a new Tottenham contract if he remains at White Hart Lane beyond the end of the transfer window.
Harry Redknapp did not name the Croatian in his squad for Monday's 3-0 defeat at Manchester United after the player informed him that he was not up to playing the Premier League champions.
The 26-year-old is keen on securing a move to Chelsea before the end of the month but time is running out for the deal to be completed.
Tottenham chairman Daniel Levy met with Modric earlier this summer and informed him that he would not be sold and Redknapp believes the pair will have to sit down again if the player remains at Spurs.
"The chairman has to sit down and have a chat with him," Redknapp said. "They probably fell out a little bit over that first meeting.
"If they can have a meeting and resolve the whole situation and Daniel tells him we need him, he is important and that we are ambitious and will bring one or two players in, you might find the boy will be okay.
"The chairman has also said he will look at his contract in a month or two. He told me he would do that."
Chelsea have tabled two bids for Modricrejected by Spurs and, despite agreeing to sign Juan Mata, were believed to have made a third offer for the playmaker on Monday.
Redknapp can understand why Modric would be keen on leaving White Hart Lane for Stamford Bridge but he is confident he will be able to pick him up if the transfer does not go through.
"If anyone can pick him up, I can. I have a great relationship with him," Redknapp declared.
"People have to understand it is not an easy situation.
"If someone offered to treble anyone's wages, they would find it difficult, wherever they worked. That is the situation the boy is in.
"If someone offers £150,000 a week rather than £50,000, you are going to have your head turned.
"Let's be truthful. He wanted to go, but he has just got confused with it all."