The club's new Chinese owners are said to be keen to reward Stam for his solid first season in charge with a significantly improved contract.
"It is about looking who is here, assessing them and maybe trying to add to the squad".
But having received assurances from the player's uncle, club owner Steve Gibson that he does not have to sell his prize asset, Monk hopes to convince the centre-half to commit himself to next season's promotion campaign.
"I think then obviously as the season finished, to finally sit down with Leeds to discuss that new structure and process, I have to be honest, it wasn't right for me in terms of those situations".
"It has happened now and I have moved on".
"It's important that we keep our best players, and the club are in agreement with that".
"I thought it would carry on; it hasn't for whatever reasons and I had to go into the next phase of what I needed to do, which was find another club aligned with my ambition".
"It is good to have that clarity". He is passionate and ambitious and that struck a chord with me.
It is understood that Radrizzani "weighing up" the possibility of making an approach for the Reading boss, who guided his side to the play-off final at Wembley this year in what was his first job in management.
"The clarity of that is what appeals most".
An announcement on Monk's backroom staff is set to be made later in the week.
The 38-year-old former Swansea and Leeds boss will be unveiled at a press conference on Monday after agreeing to take over as Aitor Karanka's replacement.
The 44-year-old former Holland worldwide managed to guide the Royals to the Championship play-off final but they were beaten on penalties by Huddersfield Town.