PGA Tour commissioner Jay Monahan revealed that discussions with Saudi Arabia's Public Investment Fund are still progressing, but there is no deadline to reach an agreement.

"I would say that the priority, it's been enhanced," Monahan said on Wednesday, per ESPN's Mark Schlabach. "It's stronger. That's a direct result of dialogue and conversation and really starting to talk about the future, future product vision and where we can take our sport."

PIF, which finances LIV Golf, signed a framework agreement with the PGA Tour to form an alliance in June 2023. However, the merger is still being finalized.

Monahan confirmed on Wednesday that both sides are having "regular dialogue."

"We have the right people at the table with the right mindset," he said, via Schlabach. "I see that in all of these conversations, and that's both sides. That creates optimism about the future and our ability to come together. But at the same time, these conversations are complex. They're going to take time. They have taken time, and they will continue to take time."

The deadline for the original agreement passed on Dec. 31, although Monahan sent a memo to players and explained that negotiations would extend into 2024.

Per Schlabach, the role of team events in golf's future and LIV Golf players potentially returning to the PGA Tour without discipline have been sticking points in negotiations. The majority of LIV Golf's members are former PGA Tour competitors.

On Jan. 31, the PGA Tour received a $1.5 billion investment that could be worth up to $3 billion from from Strategic Sports Group, a consortium of sports team owners. The deal created a new for-profit entity, PGA Tour Enterprises, which also allows for a co-investment from PIF.

It appears as though both sides are advancing in discussions with Monahan's latest update, but the lack of a deadline still makes the timeline of a finalized agreement unknown.