How to use Arduino as Telnet client?

Although there is a Tutorial called "TelnetClient" under the Ethernet Libraries, it seems, the tutorial does not cover the topic in full. I tried to use Arduino Ethernet as a Telnet client, but got stuck with the negotiation process. After some tries and searches (there is another topic here http://arduino.cc/forum/index.php/topic,110166.0.html), I tend to think that either the code must handle the negotiation between Telnet server and client, or a library, which supports Telnet negotiation process, is needed. Here's what I've got with Wireshark, when putty Telnet client negotiates with a BusyBox-based Telnet server:

PACKET CONTENTS DESCRIPTION                   HEX VALUES

CLIENT--
Command: Will Negotiate About Window Size     ff fb 1f
Command: Will Terminal Speed                  ff fb 20
Command: Will Terminal Type                   ff fb 18
Command: Will New Environment Option          ff fb 27
Command: Do Echo                              ff fd 01
Command: Will Suppress Go Ahead               ff fb 03
Command: Do Suppress Go Ahead                 ff fd 03

SERVER--
Command: Do Terminal Type                     ff fd 18
Command: Do Terminal Speed                    ff fd 20
Command: Do X Display Location                ff fd 23
Command: Do New Environment Option            ff fd 27

CLIENT--
Command: Won't X Display Location             ff fc 23

SERVER--
Command: Do Negotiate About Window Size       ff fd 1f
Command: Will Echo                            ff fb 01
Command: Do Suppress Go Ahead                 ff fd 03
Command: Will Suppress Go Ahead               ff fb 03
Suboption Begin: Terminal Speed               ff fa 20
Option data                                   01
Command: Suboption End                        ff f0
Suboption Begin: New Environment Option       ff fa 27
Option data                                   01
Command: Suboption End                        ff f0
Suboption Begin: Terminal Type                ff fa 18
Send your Terminal Type                       01
Command: Suboption End                        ff f0

CLIENT--
Suboption Begin: Negotiate About Window Size  ff fa 1f
Width: 80                                     00 50
Height: 24                                    00 18
Command: Suboption End                        ff f0

CLIENT--
Suboption Begin: Terminal Speed               ff fa 20
Option data                                   00 33 38 34 30 30 2c 33 38 34 30 30
Command: Suboption End                        ff f0

CLIENT--
Suboption Begin: New Environment Option       ff fa 27
Option data                                   00
Command: Suboption End                        ff f0

CLIENT--
Suboption Begin: Terminal Type                ff fa 18
Here's my Terminal Type                       00
Value: XTERM                                  58 54 45 52 4d
Command: Suboption End                        ff f0

SERVER--
Command: Do Echo                              ff fd 01
Command: Will Status                          ff fb 05
Command: Do Remote Flow Control               ff fd 21

CLIENT--
Command: Won't Echo                           ff fc 01

CLIENT--
Command: Don't Status                         ff fe 05

CLIENT--
Command: Won't Remote Flow Control            ff fc 21

SERVER--
Data: login:                                  6c 6f 67 69 6e 3a 20

Before I try to work on a solution (eventually a new library), I would like to ask the community, if there is already a solution for this task. Any input would be highly appreciated.