Pompey, who faced a winding-up petition over a multi-million pound tax bill, went into administration on Friday to avoid going out of business.
As a consequence, Portsmouth are almost certain to be deducted nine points by the Premier League, which will leave the club 15 points off safety, with only 11 games to play.
Cattermole is hopeful a deal can be completed in the near future and said: "My solicitor in London has been in discussions with Andrew (Andronikou), the administrator as recently as (this morning).
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