The South Africa international, 27, has two years of his current deal to run but has been engaged in negotiations that will give him a pay rise and extended stay. The club's initial offer has been rejected, but talks are set to continue.
A club source said: "Everyone is still talking, and we are confident there will be a happy outcome."
Pienaar is currently with the Everton squad in Salt Lake City, Utah, preparing for Wednesday's warm-up match against a Major League Soccer representative side.
Everton lost the first match of their tour of Canada and the US, going down 1-0 to River Plate in Edmonton.
Toffees hopeful over Pienaar
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