The Paraguayan striker has spent the season on loan at the Spanish side from Manchester City and would like to make the move full time after being told he is wanted next season at la Rosaleda.
Malaga's financial problems mean they may have to sell some of their stars, such as reported City target Isco, but could retain others if they are willing to reduce their wages.
"I will take any decisions thinking about my family," said Santa Cruz. "I will think about my children and how another change of circumstances would affect them.
"Now I think that what is best is that they have a bit of continuity and stay with what has been started here."
Looking at the future through professional eyes, the forward would not object to taking a pay cut to stay in Andalucia with Malaga.
"The main thing is that the club keeps going and puts in place a long-term project," he continued.
"I think that they are working out what they will have to spend and, as a result, the majority of players will be asked if they will take a cut in order to stay and create a credible plan.
"Malaga have told me their intentions and that they want me to stay. They are trying to reorganise the deficit and have all the numbers in order."