Hearts managing director David Southern insists the club want Paulo Sergio to stay as manager despite the uncertainty over the future of the Portuguese.
After Saturday's win in the Scottish Cup final, the 44-year-old spoke of his frustration and disappointment at not being offered a new contract.
But Southern said: "The club want to keep Paulo Sergio.
"We hope he chooses to stay as Heart of Midlothian manager and we'll find out in hopefully not too long a period."
Owner Vladimir Romanov said on the eve of the 5-1 Cup final win over Hibernian that he was more concerned with selling the club than sorting Sergio's future.
And Sergio is heading back to Portugal to be with his family having said that he has told the club they will have to travel to Lisbon to open talks if they wish to offer him a new contract.
However, Southern has now indicated that efforts will be made to keep the former Sporting Lisbon manager at Tynecastle for a second season.
His words came as Hearts continued the cost-cutting promised by Romanov.
Stephen Elliott, who started as the lone striker at Hampden, and fellow forward Gary Glen have been told their contracts will not be renewed.
They will follow midfielders Ian Black, David Obua and Adrian Mrowiec is exiting the club.
The futures of midfielders Suso and Rudi Skacel, as well as striker Craig Beattie, are also uncertain as their contracts draw to a close.