David Moyes will wait until after Everton are finished with their January transfer dealings before signing a new deal at the club.
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The 49-year-old former Preston North End boss is in his tenth year on Merseyside, having joined in 2002, but his current contract expires at the end of the season.
While Moyes' commitment to the Toffees is not in question, he does intend to make sure the club's transfer dealings match his own ambitions before signing a new deal.
He told the Daily Express: "I would probably wait until we have got over January and see how things go.
"I want to see what we're going to do, where the club are looking to move to in the future. That is what I am really looking for.
"It's probably going to be after the new year before we speak."
Moyes has, meanwhile, made a show of support towards Arsenal manager Arsene Wenger ahead of the Toffees' clash with the Gunners on Wednesday night.
Wenger's reign stretches back even further than Moyes', the Frenchman having been in London since 1996, but with seven years without a trophy, he is facing increasing pressure at the club.
Moyes added: "Supporters want results but if you have got someone like Arsene Wenger in there you have to trust he is doing the right thing.
"I believe 99% of Arsenal supporters think he is doing the right thing.
"It has always been a difficult job being a manager, although we are also in a privileged position.
"It is tough in different ways - there is a lot more that goes with it than what you see on a Saturday - but I enjoy it and I am fortunate I am at a good club.
"Criticism affects everyone but if you are in the business you have to accept you are going to get it.
"The job is to work through it and lots of times you don't need to look at it, read it or listen to it."
Everton are currently in fifth place with 21 points while Arsenal in sixth have 20 points.
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