Cardiff City have confirmed that they are under a transfer embargo after failing to pay the first instalment of the £15m fee for Emiliano Sala before his tragic death.
The 28-year-old striker died in a plane crash over the English Channel in January, 2019, while on his way to sign for Cardiff from French club Nantes.
Despite the ban, Cardiff's chairman Mehmet Dalman is 'confident' it will be lifted before January.
The club are in the middle of conversations with both the EFL and FIFA as they seek to resolve the ongoing situation.
'I wish I had the power to lift the shadow of this situation from the club. People at this club want this resolved,' Dalman told BBC Radio Wales Sport.
'People should not forget that a 29-year old man was killed when he there was no need for that accident to happen.
'There is a human side to this story, it is not just a financial one.'
In August, Cardiff lost their appeal against a ruling by FIFA to pay the first instalment of the transfer - which was due to be £5.3m.
Despite the decision being made, Cardiff continue to dispute the money owed and have further appealed the decision to a Swiss Federal Court.
The next decision is due to be made in late January or early February next year.
Dalman revealed that Cardiff have received their first invoice from Nantes but that legal discussions continue to carry on.
'We haven't paid it and at this stage have no intention of paying it, until certain negotiations come to fruition,' he added.
'This puts the EFL in a position where they automatically put us under transfer embargo, but until January that is pretty meaningless anyway.'
'Until January I am sure there will be other developments. We are working hard to ensure we can do business then.'
Cardiff had a prolific summer transfer window, bringing in 17 new names, but the Bluebirds have failed to take off and find themselves one point off the relegation zone.
Dalman confessed that he could not say for sure whether the embargo will be lifted in January - and admitted that manager Mark Hudson was 'understanding but not happy' when told about the embargo.
I don't know Mark dreadfully well, but he's a professional, he understood our position,' he said.
'He didn't necessarily like it. But we have told him to get his targets in place.'