Reed told "NFL AM" on Monday that he's still waiting for a call, but he remains optimistic.
"I haven't spoken to anyone. Hopefully that call comes soon," Reed said.
"I'm a Raven. I plan on being a Raven. I couldn't see me anywhere else right now," Reed said. "If it happens, I'm a football player. I can adapt to any situation."
Perhaps the most telling part of the interview was when Reed was asked whether he should be paid for his Hall of Fame career or his current ability.
"Both," Reed said.
He plans to play two or three more years, saying he'll play at the same high level. It's a very tricky negotiation for a Ravens team that might prioritize linebacker Dannell Ellerbe's contract over a deal for Reed.
Follow Gregg Rosenthal on Twitter @greggrosenthal.