The 28-year-old has managed to force his way into the Tottenham side and has hinted that he would like to stay at White Hart Lane.
Nikolai Naumov, Lokomotiv president, said: “If the price is, say, £20million then we just won’t buy.
“But we will definitely return to the question of buying Pavlyuchenko in the summer.
“Let’s see what the situation is then at Tottenham, Lokomotiv and win the life of the footballer.”
