George Hill's agent, Michael Whitaker, met with the Pacers in Indiana on Saturday, and said there was a "good possibility" that a deal could be worked out before the 25th.
Hill is confident a market will emerge if he becomes a restricted free agent this summer.
"They did express they would like to get a deal done before the deadline," Whitaker said Sunday night. "We did talk more about the possibility of doing four years instead of three years. That's about as far as we've gotten so far. If it makes sense, it's something we'll consider doing. If not we'll see what happens this summer. We both appreciate that they've expressed they want to get something done before the summer, especially since he's just played 11 games with them. I think that's a good thing."