The Phoenix Suns are open to further contract talks with Eric Bledsoe, who remains in limbo as a restricted free agent.

"We value Eric as a player," owner Robert Sarver said. "I hope at some point we'll be able to sit down and meet with those guys and make a deal."

A Comcast SportsNet Northwest report quoted a source who said the Suns' relationship with Bledsoe "is on the express lane to being ruined."

ESPN.com's Chris Broussard reported that the relationship is going in the "wrong direction."

"Maybe that's just posturing and negotiating," Sarver said of the reports. "We haven't heard from the guy in four months, so I couldn't tell you. I do know that when he played here, he felt good about the organization, his coaching staff and his teammates at the end of the season. We had the same feelings toward him."

The Suns have a four-year, $48 million offer on the table.