"There are only two ways this transfer will go ahead, firstly his minimum fee release clause will have to be activated. The other option is to agree a price close to his release clause fee," Ashkabadze said.
The fee is estimated to be in the region of £20m.
According to the club CEO, Emenike is not short of admirers with interest from the English Premier League.
"There is a growing interest in Emenike, but not just from Fenerbahçe," Ashkabadze said.
"It's natural that Emenike wants a move to Fenerbahçe, everybody has their own interests.
London outfit West Ham have also been linked with the Nigeria star recently in the Russian press.
Fenerbahçe signed Emenike from Karabükspor for €9 million in 2011, but the former Cape Town forward was sold to Spartak for €10 million without playing a single game for them.
The Nigeria international has a contract in Moscow which won't expire until July 2016.
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