Impact Wrestling has announced that Eli Drake has signed a contract extension. They specifically noted that "dummies will be named and shamed long into the future," which sounds like he is signed much longer than what was previously reported in The Wrestling Observer Newsletter.
Impact did not specify the length of the contract extension but Dave Meltzer reported a couple of weeks ago about him singing a new short-term deal that would run through July 31st. This would allow Impact to get him on some more TV tapings that would air during August and, perhaps, in September.
WWE has shown interest in him but it's not clear if any talks have begun with him. If he has signed longer than July 31st then it could be a sign that talks with WWE have fallen through.