The Cottagers will be keen for a resolution to this matter as soon as possible, with the prospect of losing him on a free next summer not an attractive proposition for them. But Hangeland's agent Rune Hauge revealed on Norwegian television that he is "not even close" to signing a new deal.
The 31-year-old, who has been at the club since 2008, was questioned about his future after he captained Norway in a 3-2 home defeat to Greece, and gave little clue on where his future lies.
"When we haven't signed a contract at this point, then it's fairly obvious that we haven't reached an agreement. Rune is right about that," he told reporters.
Although appearing rather non-committal in his interview after the game, Hangeland did admit that a decision will be made about his long-term future in the coming months.
He added: "I am quite relaxed compared to many other players who begin to unwind as they have one year left on their contract.
"As long as I do not get injured there is no problem - I'll decide sometime during this year."