The seven-time MotoGP champion was previously expected to decide his future mid-year, after being replaced at Yamaha by Frenchman Fabio Quartararo for the 2021 season.
But after setting the fifth fastest lap time Sunday from a pool of 26 riders at the pre-season test in Malaysia, Rossi appeared to be in good spirits about the subject.
Rossi, who turns 41 later this month, clocked his fastest lap time at 1min 58.541sec on the 5.5km-long track on the Sepang test circuit.
He also told reporters that he wanted to see how the first half of the MotoGP season went this year.
“The most important thing are the results,” he said.
“I want to try to continue, but I will (only) continue if I am competitive.”
The MotoGP will see another test session in Qatar starting on February 22, with the season to begin on March 8.
Source: foxsports.com.au Image: Getty