According to Royce Young of ESPN.com, "optimism remains high" that the team will sign the reigning MVP to a new extension.
The Thunder added perennial All-Star Paul George already this offseason, but he explained Wednesday that his plans for his free agency remain up in the air.
"I'm not looking past 2017-2018," George said, per Carson Cunningham of KOCO-TV. "Me and Russ have something to build now. It could be something we want to continue building."
Both George and Westbrook have player options after the 2017-18 season that could either keep them in Oklahoma City or allow them to explore free agency. Per Basketball Reference, George could make over $20 million next year while Westbrook could make over $30 million.
Still, there is a lot of money that could be made on a new contract. As Danny Leroux of Sporting News noted, Westbrook could make $235 million in a new extension with the Thunder.
The 28-year-old point guard signed his latest extension shortly after Kevin Durant bolted to the Golden State Warriors. "There's nowhere else I would rather be than Oklahoma City," he said at the time, per ESPN.
It will now be up to Westbrook to live up to this statement with a new long-term deal.