The Buffalo Bills are continuing their efforts to sign Tyrod Taylor to a long-term contract extension, and reaching an agreement before the start of the regular season is a possibility, The Buffalo News has learned.

According to a source close to the team and the negotiations, the Bills and the quarterback's agent are talking "relatively frequently" and have maintained "open lines of communication."

The source said, while nothing is considered imminent, he would not rule out the chance of a deal being reached at some point in the next month or so.

"Everything's open," he said. "We're trying to seek common ground."

It's a tricky process, to say the least.

On one hand, Taylor, who is due to earn $3.1 million in the final year of the contract he signed in 2015, has made a compelling case that he's the best quarterback the Bills have had in a long time and could very well be their best option in the foreseeable future.

On the other, his case was made through the first 14 starts of his NFL career last season, so the Bills must consider the risk of basing their investment on a limited body of work.