The 35-year-old, formerly of Manchester United, is one of three players offered fresh deals by the Magpies – along with Haydn Hollis and Wes Atkinson.
"I would imagine that I will be (putting pen to paper) in the not too distant future," he told the Nottingham Post.
"This is where I want to stay. I've no qualms about that. I see it as a good club to develop my coaching side, but also, it's a good family club.
"I've had a few options to go to other clubs, over to play in India and a couple of clubs in America.
"But I've made no bones about it, I want to stay and play here, and be involved in this club.”
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