Portsmouth's administrator has given the club's prospective new owners two weeks to finalise their bids.
Former owner Balram Chainrai and the Pompey Supporters' Trust have both made offers to buy the League One club.
Administrator Trevor Birch said that as neither deal was close to completion he was unable to decide which offer was in the best interests of creditors.
"We have therefore decided to give both parties two weeks to finalise terms to acquire Portsmouth," he said.
"We will now work with Portpin and the Trust as they finalise their plans and seek to satisfy the Football League and the Professional Footballers' Association of their respective abilities to sustain the club in the future.
"We will also use this opportunity to request a review of the points deduction that is being held in abeyance on the club by the Football League."