"We are close to reaching agreement with key parties in regard to the shape and format of the 2017 competition, and look forward to making a joint announcement next week."
Talk of a split in the transtasman league, which is now in its ninth year, has been brewing since late last year when Netball Australia announced its plans for expansion.
As the Herald revealed at the time, the move would likely see a shift back to two domestic-focused competition, with some sort of transtasman crossover component retained.
It's understood that is still the format both netball bodies are committed to working towards, although the final details are still being worked through.
Netball New Zealand has been working behind the scenes to provide players, fans, broadcasters and sponsors a meaningful competition of its own.
The national body is looking to expand its own domestic competition to include a sixth Kiwi franchise, most likely in Auckland, and can count on the continued backing of broadcast partner Sky.