Mark Cavendish's move from HTC-Highroad to Team Sky is not a formality, BBC Sport understands.
Team Sky - like every other team - are finalising their line-up for 2012 ahead of a mid-October transfer deadline.
But the Tour de France green jersey winner is not short of offers.
Cavendish said in a statement on Friday: "I have now made a decision I am happy with and will be in a position to discuss my intentions once everything has been finalised."
He added: "A number of teams have expressed interest in me riding for them in 2012."
Cavendish, 26, who has won 20 Tour de France stages, has also been linked with new Australian team Green Edge and a number of other leading outfits.
He revealed to the BBC earlier this week that he decided his future last Saturday, prompting widespread speculation that a move to Team Sky was imminent.
On Thursday, HTC-Highroad manager Bob Stapleton announced the team will fold at the end of the season.
MARK CAVENDISH FACTS
- Became the first British winner of the green jersey for best sprinter at the 2011 Tour de France
- Has 20 individual Tour de France stage wins - the sixth most in history
- Won gold in the madison at the 2005 and 2008 World Championships
- Won the Isle of Man's first Commonwealth gold for 20 years in the scratch race in 2006
"After an exhaustive search to secure long-term sponsorship we have concluded that it's time to release our team members to pursue other options," Stapleton said in a statement.
"Our team's success has been based on our outstanding people. It's in their best interest that we make this decision now."
Since its inception in 2008, HTC-Highroad has won 484 races including 54 grand tour stages.
Cavendish said: "I am obviously very disappointed that HTC-Highroad will no longer be a team.
"I am hugely indebted and incredibly grateful to my team-mates and all the staff for their support over the last five years and I am immensely proud of what we have achieved together."