But Nicollin did not reveal the identities of the clubs who have shown an interest.
A post on the club's official Twitter account read: "Louis Nicollin: 'we have 2 concrete offers for Y. Belhanda with whom we are in agreement, it is up to the player to choose'." (sic).
Nicollin revealed earlier this month that AC Milan, Inter Milan, Atletico Madrid, and Galatasaray had all lodged bids - whilst the likes of Newcastle, Tottenham and Arsenal have also been linked.
The Morocco international finished as the deposed Ligue 1 champions' joint leading goalscorer last season with 10 goals from midfield, a tally matched by striker Souleymane Camara.
The 23-year-old also collected seven yellow and two red cards as a disappointing title defence saw Montpellier end up in ninth place, 31 points behind champions Paris Saint-Germain.
Coach Rene Girard left at the end of the season and replaced Roma-bound Rudi Garcia at Lille, with former Nancy coach Jean Fernandez taking the reigns at Montpellier.