Sunderland midfielder Giaccherini could return to Italy before the end of the transfer window.
Furio Valcareggi said: “There has been a rethinking of the whole situation that has arisen in England. Emanuel is a player of the level needs to play frequently. This is the year of the European Championships.
“If he can go back to Italy? Let's see, anything can happen. The offers are not lacking. Within two days he will decide his future.”
Despite being one of the most technically gifted players in the Sunderland squad, Giaccherini’s time at the Stadium of Light has been rather poor.
He signed in 2013, and although his first season on Wearside was full of consistent appearances, last term saw the 30-year-old miss much of the campaign due to injury.
He managed just 11 appearances in all competitions, and has started this season without yet taking to the field of play.
He was on the bench for the opening day defeat to Leicester City, before missing out entirely on selection for the loss to Norwich last weekend.
Giaccherini has made it known that he would prefer to stay in Sunderland, but the latest quotes suggest the lack of football has made him change his mind.
He is an Italian international, and wants to be included in the squad for the European Championships next summer, meaning that he needs to be playing consistent football.
It does not appear as if that is a likely occurrence under Dick Advocaat, and the midfielder’s future is set to be decided in the coming days, with an exit from the Stadium of Light looking probable.