He has 18 months remaining on his contract at Chelsea and earns £300,000-a-week but his representatives will work closely with the club to help open up an exit pathway that suits all parties.
Sterling is accepting of the wage decrease he is heading for, as he attempts to salvage the final years of his career.
Ideally he is seeking a new side in London but he is understood to be open-minded and could even move abroad if the terms and conditions are satisfactory and suited his family.
He has been training away from the first-team squad at Chelsea but does not want another loan deal at this stage.
Crystal Palace, Fulham and West Ham United have been touted as potential landing spots but none of those pathways opened up so far.
Axel Disasi is also going to leave Chelsea before the transfer window closes.
A number of clubs are interested in him, with offers abroad existing, and in England, West Ham have been told of the potential terms needed.
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