After talks at the club's Chadwell Heath training ground, the player and club have agreed to give it one more year in principle, and Nigel reveals:
"The club have asked me to stay for another season subject to being able to sort out a new contract, so obviously I am delighted, but I can't say much more than that at the moment because I don't know the figures.
"I have agreed to take a big pay cut and hopefully the numbers will be realistic, so we can sit down and I can stay for another year.
"I am realistic to know that I am 38, and, having enjoyed my time at West Ham I want to stay - I have made that clear.
"Luckily for me the club seem to have had a change of heart; I am sure there won't be any problems, and we can sort out a new deal but at this precise moment nothing has been agreed, so it is still a bit of a touchy situation, really!"
Nigel is optimistic, however, and adds:
"I think we can do it; obviously it is going to be a lot less money than what I was on before, but I am prepared to accept that, and as long as it is a reasonable offer I don't think there will be any problems.
"I am delighted they have had a re-think about the situation; that has really pleased me, and now it is about sorting out the basics.
"I hope I am not jumping the gun and we can sort it out so I can go away from the summer forgetting about leaving West Ham, because I so much would like to stay."
As for the timescale, he adds:
"We shall have to see but I am hoping that something will be done this week to be fair to other people involved in the equation; I need to let other clubs know what is happening as well."
Of the meeting with Glenn, he says:
"He just said to me they have had a re-think on the situation and would now like me to stay - that was basically it, and now it is just a case of sitting down and trying to sort a deal out.
"It is a big decision for someone to change; I hope I have managed to change their minds with performances and that even though I knew I was going to be leaving I was still committed to the club.
"For him to change his mind and maybe get the board to change their minds was a big thing and I am really pleased - I just hope we can sort something out."
So perhaps Nigel hasn't played his last game at Highbury, after all...