The Walsall stopper is a free agent this summer but wants to stay close to his Sheffield home.
The 26-year-old was recently linked with a move to Nottingham Forest, with the Walsall Advertiser reporting the interest earlier in the week.
But while this may sound like good news, his comments about the desire to move on are not so positive.
It appears the stopper, who lives in Sheffield, seemed to suggest he will be aiming to stay in Yorkshire for next season.
He is quoted by the Walsall Advertiser as stating:
"It was a really difficult decision to make but inevitably my family comes first and I think this is the best way to go forward for me and my family.
"I think anyone who knows me knows it's not about money.
"I was commuting four hours a day and it wasn't healthy for me and it wasn't healthy for my family.
"I've turned down good money already to go and sit on the bench in the Championship. That's not something I want to do.
"There's been a fair bit of interest and I'm trying to work out what is not just best for my family but also for my career."
O'Donnell has been one of the best stoppers in League One throughout 2014-15 and has been with the club since joining from Chesterfield back in 2013. He is now available on a free transfer.
Forest are obviously in the hunt for a new custodian as current number one Karl Darlow is definitely departing in the summer. He joined Newcastle United last year, but spent this season back on loan at the City Ground. Now he and Jamaal Lascelles will be returning to their parent club for the 2015-16 season.
So Forest need a new keeper and O'Donnell would have been the perfect signing considering their current transfer embargo issues.
But with it looking like he has his heart set on a Yorkshire move, other interested parties such as Doncaster Rovers and Bradford City appear to be the front-runners.