Geraint Thomas says there has been a delay in signing a new contract with Ineos Grenadiers, but that he has come to an agreement with boss Dave Brailsford.
Thomas signed an improved three-year contract with Ineos off the back of winning the Tour de France in 2018. But with his past two seasons disrupted by crashes and injuries, reports say the 35-year-old has been offered a deal on lesser terms.
Nevertheless, Thomas is close to agreeing a new two-year contract with Ineos who he has represented since 2010.
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"It's pretty much done but it's still not signed so I don't want to curse it," Thomas told BBC Sport Wales. "It's hard. I've had to separate the emotional and the business side of things.
"I've known Dave [Brailsford, Ineos team boss] since 2003 and that relationship is obviously a good one but he has his bosses and his agenda and there's me and what my family want.
"So it's been tough. It's been the worst one [contract] to redo because there's been a lot going on but I'm happy that it's finally almost done.
Once it's announced, we can move on and I can concentrate on getting fit and riding my bike.
Thomas admits retirement is on his mind and that his next contract could be his last as a professional cyclist.
"In two or three years I'll be done then, which is a weird thought, so I really want to enjoy my last few years of racing," he added.
"And to enjoy it, I need to be at the front racing to win. The closer you get to stopping, the more it [retirement] is in the back of your mind.
"The trust, once I move back here [at home in Wales] full-time and stop racing, will take even more importance.
"With retirement, it's something I'm thinking about so it's not a shock.
"It's a big change, going from 17 or 18 years of having a big goal you're training for to suddenly waking up on a Monday morning and thinking 'What do I do now?'.
"It's something I'm thinking about but racing is still at the forefront of my mind."
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22/06/2022 AT 14:13