Stoke City made a late bid for Joe in the last transfer window which City rejected because it was so late. Now though, with Ledley having just 1 year left on his contract the club must make the right business decision.
Ledley would have surely stayed with the club if Cardiff had managed promotion. Now City must decide if they are to offer him a new conract or more likely take the money this time if an offer comes in.
"When the money came in for Joe last time, it came in an hour before the transfer deadline," recalled Dave Jones.
"It was too late for us to find somebody else, so it wasn't the right time to sell him. They thought they could pinch Joe but the club were in a strong position and we didn't have to sell him.
"Now the decision might be taken - if a player has one year left on their contract and the money is right then the decision might be taken out of our hands.
"You can't let players run down their contracts and go for free when their contract expires because that is bad business.
"So there will be decisions that are made that doesn't fare well with everybody and that is the hard facts of football. That is what we did with Aaron Ramsey and Glenn Loovens in the past.
"We might have to sell one player and use the money to buy two or three players to help us get to the next stage."