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Salford Red Devils say an agreement for the local council to purchase their Salford Stadium should be complete within the first quarter of 2024.

The Super League club had said it could be "effectively liquidated" if a new deal is not agreed after their current tenancy agreement ends on 1 December.

Salford mayor Paul Dennett has said he is "determined" to secure their future.

"We are conscious our position remains a time-sensitive one that is currently without a resolution," the club said.

"Without this materialising imminently, we are only able to assume that we will continue to not have access to the various commercial streams we have operated towards and budgeted for over the coming months.

"As the end of our current tenancy agreement is imminent, we remain aware that any further inaction could place this at risk."

Salford City Council currently owns 50% of the ground and, earlier this year, tabled a plan to buy Peel Group's share to take outright ownership of the site.

in addition to the club saying they had received an "indication of intent for the acquisition to be complete within the first quarter of 2024," Salford also said a number of meetings had been called for this week.

One meeting is to be held between Salford City Council and the Rugby Football League (RFL) to "discuss the planned process for stadium acquisition, thus enabling a long-term lease and protecting our pursuit of a Grade A rating in [Super League strategic partners] IMG's grading criteria".

Another is to be held between the Red Devils, the council and co-tenants Sale Sharks in order to discuss the rental agreement.

"We are optimistic following recent discussions and hope that the meetings this week offer a path to a swift resolution of critical priority, rather than serve as another example of a failed-to-materialise assurance," the Red Devils added.