Reports that Wellington are set to be granted a 10-year A-League licence extension are premature, Phoenix general manager David Dome says.
The Wellington club's owners Welnix were reported to have reached agreement with Football Federation Australia (FFA), but Dome told NZ Newswire there had been "no major advances" in ongoing talks.
The Phoenix's A-League future has been under a cloud since their request for a 10-year licence was declined last October by FFA.
The FFA offered Wellington the option of a four-year deal after previously extending the licences of all nine Australia-based clubs until 2034.
FFA boss David Gallop said the Phoenix could not simply "squat on a licence", and needed to improve their metrics, including crowds, TV ratings and membership.
Wellington are averaging crowds of just over 9000 for the season, ahead only of Perth and Central Coast, with a game-high attendance of 13,654 from their sixth-round mid-November match against Adelaide.
Membership is 50 shy of 5000.
Dome said negotiations with the FFA had slowed a little over the Christmas break.
"Talks have been ticking along slowly, but there have been no major advances," Dome said.
"There are still a few things we need to work on with third parties, and they are complex and not inconsequential.
"We've just got to keep plugging away ... there's certainly no imminent announcement."