Jordan Love and the Packers have yet to reach agreement on an extension. To little surprise, the ascending quarterback will not take part in training camp practices before a deal is in hand. 
Love’s camp informed Packers general manager Brian Gutekunst on Sunday that he would not take the field until an extension agreement is reached (h/t Jason Wilde of the Wisconsin State Journal). Love will engage in a hold-in by attending camp and choosing not to take part in drills. The increasingly common strategy avoids fines being incurred, something which is the case for holdouts.
“I think so, but you never know,” Gutekunst said (via Wilde) when asked if a deal could be finalized in the near future. “We’re working really hard to get that done. It’s really important for us.”
Dianna Russini of The Athletic confirms both parties remain confident an agreement will be worked out shortly. Finances (as opposed to factors such as guarantees, term and cashflow) are believed to be the biggest remaining issue in this case as the Packers weigh the risks of a Love investment after less than one strong season of production against the cost of waiting for him to up his value further. When speaking publicly on Monday, Gutekunst noted (via Ryan Wood of the Green Bay Press-Gazette) the cap implications of a mega-deal is the primary cause in the ongoing delay.
Teams with major QB commitments on the books are indeed forced to make a number of important decisions at other positions. The Packers will still have a cost-effective offense at the receiver and tight end positions given their recent draft additions even when Love (due $10.5MM in salary this year) signs his next pact, but remaining flexible beyond 2024 is a major consideration on the team’s part. Nevertheless, Gutekunst’s remarks point to Love being the next signal-caller to land a lucrative new deal.
The 2020 first-rounder has long been expected to land an AAV above $50MM despite only taking over as starter at the start of last season. His strong finish to the campaign has put him firmly in Green Bay’s long-term plans, and both team and player remained hopeful an agreement would be in place before today. That has not proven to be the case, but Love remaining sidelined for practices could provide further incentive to get a deal over the finish line.