The question was posed to general manager John Dorsey in his end-of-year press briefing.
"He's working like the dickens to get himself ready for '17. We'll see what happens in March, but right now I see him as a Chief," Dorsey said, per the Kansas City Star's Terez Paylor.
It's a fairly non-committal answer from Dorsey, which is understandable since he doesn't have to make a decision in the short-term.
Charles played only eight games in the past two seasons due to knee injuries and had just 12 carries in 2016. The 30-year-old back has said he wants to remain in Kansas City, but that decision will likely come down to money.
The Chiefs can save more than $6 million in salary-cap space by cutting the veteran. That's a significant amount for a franchise in the bottom three in terms of cap space heading into 2017. There is a chance, if Charles is healthy, the Chiefs could keep their all-time leading rusher in-house on a restructured deal.
Other nuggets from Dorsey: