Portsmouth administrator Trevor Birch says he has been “encouraged” by the progress the club have made in their attempts to avoid liquidation following the exit of Kanu from Fratton Park.
Birch has given the club until August 10 to get rid of all their remaining senior players or reach compromise agreements with them.
With Kanu now gone, the side have just three senior players at the club.
“We’ve made encouraging progress,” Birch told BBC Sport.
Administrators PKF also confirmed on Monday that the former Arsenal striker, who has reached the end of his 14-day notice period, is still involved in a dispute over unpaid wages.
Because of that dispute, PKF are now filing a submission to the Football League and are pushing for a hearing to resolve the issue as soon as possible.
Kanu, who has walked out on the final year of his contract, is reportedly claiming up to £3m in periods of unpaid wages since 2006 and Birch has asked for a tribunal to intervene.
In the past week Greg Halford, Erik Huseklepp, David Norris and Luke Varney all left the club, to leave just Dave Kitson, Liam Lawrence and Tal Ben Haim at Fratton Park.
Balram Chainrai’s Portpin and the Pompey Supporters Trust are vying for ownership of the stricken club who will start next season in League One on minus 10 points.