Portsmouth administrator Andrew Andronikou maintains the club would seek compensation were West Ham to install Avram Grant as their new manager.
Grant has been linked with the Upton Park hot-seat along with former Hammers favourite Slaven Bilic and ex-Manchester City boss Mark Hughes following the departure of Gianfranco Zola. Andronikou, though, insists were West Ham to appoint Grant, Portsmouth would seek reimbursement.
"It is like any compensation claim - he has three years left so we would try to hang out for as much as possible," Andronikou said in the Portsmouth News.
The Israeli guided Pompey to the FA Cup final against all the odds, with the club crippled by financial problems which led to administration, a points deduction and relegation from the Barclays Premier League.
Grant agreed to take over as manager following the dismissal of Paul Hart in November, stepping in from his role as director of football.
The 55-year-old is contracted to Fratton Park until 2012. However, it is unclear whether that deal remains valid, following the late payment of wages, and Grant insists he wants assurances of the stability of the club before he will commit to taking charge of the side in the Coca-Cola Championship.