49ers quarterback Colin Kaepernick threw for 3,197 yards and 21 touchdowns last season. (AP Photo/Jim Mahoney)
According to the report, the two sides will meet this week in Santa Clara.
The team received some salary cap relief when former cornerback Carlos Rogers' salary for next season was taken off the books and injured All-Pro linebacker NaVorro Bowman converted some of his base salary into a signing bonus. The 49ers currently sit about $7.7 million below the salary cap.
Kaepernick is scheduled to make $973,766 in base salary this season; his overall cap number is a bit more than $1.6 million. Kaepernick, 26, completed 58 percent of his passes last season for 3,197 yards with 21 touchdowns and eight interceptions.
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That the two sides are meeting again suggests the 49ers are convinced that nothing will come from the City of Miami Police investigation that involves Kaepernick and two other players. That investigation began April 3 and created a lull in contract talks between the two sides. It is ongoing but is expected to be resolved this month.