West Ham United could emerge from the Carlos Tevez affair with several million pounds if the Premier League and the striker’s advisers agree to a deal for an out-of-court-settlement put forward by the club’s lawyers.

Tevez’s representatives, Media Sports Investment, are suing West Ham for £30million for breach of contract after they terminated third-party agreements regarding the player in April. However, it would suit all parties if a deal could be reached as a case in the High Court could take months to hear.

Talks are continuing between the three parties to see if an agreement can be reached that would allow the Argentinian’s move to Manchester United to go ahead before the start of the season.

West Ham’s lawyers have put forward a suggestion which would see the club receive a sum totalling several million pounds in compensation for agreeing to release Tevez’s registration. The Premier League have to be satisfied that West Ham are receiving an adequate sum and Sir Dave Richards, the chairman, Richard Scudamore, the chief executive and Mike Foster, the general secretary, spent several hours today discussing the proposal.

The league have to be able to demonstrate to the other 19 clubs that they are operating under the scenario that Tevez’s is contracted to West Ham and that the club are not controlled by the original third-party agreements that caused West Ham to be fined £5.5million by an independent disciplinary commission.

The original contracts only contained agreements for West Ham to be paid £100,000 if Tevez moved on, but if Kia Joorabchian, the striker’s agent, agrees to the settlement they could get around half the amount they were fined.

West Ham have resigned themselves to losing Tevez but are keen to get an agreement rather than continue paying £1.75million annual wages for a player who will not play for them.