According to a source within the Amakhosi camp, the club has taken the initiative to renew the midfielder's contract by tabling an improved offer earlier this week.
It is understood that Chiefs were waiting for Katsande to return from the Africa Cup of Nations tournament before resuming talks.
"He's back and talking to the club. Both parties started negotiating this week. It's no secret that Chiefs want him to stay. The offer has been tabled already and it's now up to the player, but indications are that he will sign," the source told Goal.
Katsande, who received his South African citizenship at the start of the campaign, has been an integral member of the Amakhosi squad for the past five seasons.
As things stand, he is eligible to sign a pre-contract with a team of his choice, but the fact he's remained loyal to Chiefs even with his current deal running until the end of the season, suggests that he will eventually sign on the dotted line.
Katsande announced his return from the 2017 Afcon tournament in Gabon with a superb solo goal against Free State Stars on Tuesday night.