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'We will initiate follow-up actions once we receive an official communique from the Argentine authorities,' Abdurahiman told Manorama News.
The club management has cited the recent financial sanctions imposed on the Indian Super League franchise by the All India Football Federation (AIFF) for the sudden decision.
The committee also rejected Blasters head coach Ivan Vukumanovic's appeal against the fine of Rs 5 lakh and a 10-game ban imposed on him.
Arjuna Award winner former Indian captain I M Vijayan is the brand ambassador of the league.
Blasters take on I-League Champions RoundGlass Punjab FC in their opening match at the EMS Stadium in Kozhikode on Saturday.
The AIFF Disciplinary Committee had fined Blasters Rs 4 crore and banned Vukomanovic for 10 matches.
The Disciplinary Committee also directed Blastes to issue a 'Public Apology', failing which the total fine will be increased to Rs six crore.
The biggest fan group of Blasters has launched a hashtag campaign in support of the Serbian head coach.
Blasters had filed a protest to the AIFF against referee Crystal John's decision to allow Chhetri take the free-kick that resulted in the goal.
Dey made five appearances for India, with his only goal for the country being the winner against South Korea in the bronze medal match of the 1966 Merdeka Cup.