Contract negotiations between PSV Eindhoven and Phillip Cocu have reached stalemate.

Both PSV and Cocu are keen to extend the 35-year-old midfielder's stay at the Philips Stadion, but that has not made it any easier for the two parties to come to an agreement.

"The talks have been friendly, but things don't look good," Cocu's agent Rob Jansen told Voetbal International magazine.

"We are far away from an agreement. I will not say what the problems are though."

Jansen confirmed a new round of talks have been arranged but with Cocu on international duty with Holland, a swift conclusion seems unlikely.