If an extension doesn't materialize in the coming days, don't expect Mitch Marner to revisit contract talks until the end of the season.
"We've had some very productive discussions so far and if nothing's done by the start of the season, then we'll wait until next summer and we'll get back at it again," Ferris said.
Marner has one year remaining on his entry-level contract, meaning he can become a restricted free agent next summer.
A Marner extension is just one challenge Toronto could face in the offseason. There's also a decision to be made on superstar center Auston Matthews, who can also become a restricted free agent.
Fellow young star William Nylander, who made his NHL debut one season prior to Marner and Matthews, remains unsigned.