"We have to sit down and have a look. I don't think it is the time now,'' he said. "Whatever has come out you have to respond to it. I haven't had a chance to digest what was said. I have had too many things to concern myself with.
"That's the only sensible thing to do. It is part of the job - we will see where we go.
"He has got two years left to run, and a testimonial to come."
O'Neill says he will not use that testimonial next summer as a bargaining tool.
"Not for one minute would I be wanting to hold a testimonial over someone like a Sword of Damocles, but all I will say is that we will do our utmost to try to keep him at the football club.
"Whether we can, I don't know.
"You wouldn't say after that performance on Sunday that he sees this speculation as a distraction.
"But whatever else was said, Gareth did say he would wait until the season ended, then we will sit down and we will see," he added.