The Atletico Madrid enforcer has been linked with a move to Arsenal in recent weeks as Mikel Arteta aims to rebuild his midfield.
The 26-year-old has a £43m release clause in his contract which expires in the summer of 2023 but Atletico Madrid are bent on offering him a new deal to shoot his worth up to £93m.
Winner of the golden ball at the 1991 FIFA U-17 World Cup, Lamptey failed to make the grade during a loan spell with Aston Villa in the 1994/1995 season.
Lamptey believes Partey’s style of play is more suited to the Spanish game and has urged him to remain.
“There are numerous offers coming for Thomas Teye Partey but his career will take a nosedive if he doesn’t choose his next move well,” Lamptey told Ocean 1 TV.
"The country and league he will pick will determine his future,
“I will advise him to stay in Spain rather than going to England or Italy [although there are offers from Manchester United and Arsenal according to reports].
“Per style of play, he can move within Spain and join another top club rather than focusing on the financial gains to move out of the country because that can be suicidal.
“Sometimes, decision making can destroy your career. My move to England was a wrong one for me.
"Aston Villa was a wrong move because their style of play was not going to suit me. If I had gone to France or Spain at that time, it would have helped my career more than going to England."
Partey has made 35 appearances in all competitions for Atletico this season and he has found the back of the net three times.