The Suns reportedly have yet to make an offer that satisfies Bledsoe, a restricted free agent.
Bledsoe, 24, averaged 17.6 points, 5.5 assists and 4.7 rebounds for Phoenix last season, posting a 19.6 Player Efficiency Rating and 4.1 Win Shares. He just completed the fourth year of a rookie contract worth $7.4 million.
The 2010 first-round pick missed 33 games after undergoing knee surgery in January to repair torn cartilage in his right knee. The Suns were 19-11 at the time of Bledsoe's injury but finished the season with a 48-34 record, missing the playoffs.
- Chris Johnson