Mashamaite played every minute of Kaizer Chiefs' League success this past seasonm but he will not have his contract renewed by the club after chairman Kaizer Motaung revealed at a press conference on Tuesday they will not be 'held to ransom' by players during contract negotiations.
"Anything is possible. You can still do it at the age of 30 anywhere in the world," Mahlakgane told PowerFm when asked if there's a chance of an overseas move.
"If you look at Xavi, he's 35 and moving to Qatar. If you follow the Spanish media, there's not talk of his age but his ability."
It's an open secret that big-spenders Mamelodi Sundowns and Bidvest Wits are keen admirers of the defender, but Mahlakgane says that's not the case.
"He has been linked to Sundowns forever. If there was an interest I should have an offer on my lap to say we're interested in the player and this is what we're offering and unfortunately or fortunately we don't have that.
"The thinking in SA is that if it's not Chiefs, it's Pirates or Sundowns and then you escalate it down to maybe Wits or SuperSport, but in this case it's none of them. I don't have an offer from any of these clubs."
Mahlakgane went at length to explain why they couldn't come to an agreement with Chiefs on a new deal.
"It's a simple thing and I must make it clear and it's probably the last time I get this question.
"There are budgets that probably clubs make and they prepare them for a season or two ahead, but that doesn't necessarily mean that's what the players are going to take or vice-versa. Players may ask something that the club may not necessarily give.
"He's at ease [with the club's decision]; he doesn't feel hard done by or betrayed he's looking at it that okay the club took a stance and I took also stance."