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The 22-year-old midfielder turned down a new contract with the club last week and rumours coming from the training ground last season hinted that he wanted out.
"We gave him a fair and reasonable offer," Donachie told the Bromley Times after returning from holiday. "But I've been told he has not accepted the offer.
"I'd imagine his agent will be looking for other offers now."
Elliott is not short of admirers with Coventry City, Leeds United and Norwich City all linked with the player in recent weeks but due to the player's age, any move would be subject to hefty transfer fee, which could put off a number of clubs.