Leicestershire chief executive Mike Siddall says a deal to take England one-day batsman James Taylor to Nottinghamshire is "70%" agreed.
The 21-year-old still has a year to run on his deal but has not taken up the offer of a new contract and has been allowed to talk to other counties.
But Siddall told BBC Radio Leicester that the Foxes want compensation.
"We are probably 70% down the line with that and I'd hope it would be concluded by the end of November," he said.
Taylor made his England one-day international debut in the game against Ireland in August following a number of impressive performances for England Lions.
He only made his County Championship debut for Leicestershire in April 2008 but has become a key player and has been regularly linked with a move away from Grace Road in recent months.
Siddall has previously said Leicestershire would not force Taylor to stay if he is determined to leave.
"We've allowed James to speak to other counties and as far as we can see he is quite interested in joining Nottinghamshire," Siddall added.
"We haven't stood in his way in this process but from the club's point of view we believe that some compensation should be payable because he won't be playing the third year of his contract with us and we are in negotiations with Notts regarding that.
"If we don't get the deal we want from Nottinghamshire then the board will have to decide whether James remains at Leicestershire for the final year of his contract.
"I'd like it if he was [at Grace Road next season] but the probability is that he won't be."
Taylor's county colleague Harry Gurney has already agreed a deal to join Notts from Leicestershire for next season.