Francis Jeffers' 10-match guest stint with Newcastle Jets ends on January 3 and at this stage it seems unlikely he will be offered an extension.

The former Everton and Arsenal starlet has been a revelation since arriving in Australia and has been a major contributor to the Jets' good recent run of just one loss in eight matches but after holding talks with the club's management, he has revealed that Monday's match against the Melbourne Victory and the January 3 clash with Sydney FC could be it.

"They are saying they want to keep me but the chat I had with the club today was disheartening," Jeffers told the Newcastle Herald.

"I have enjoyed my time here. I told the club if everything was right I would love to stay but I don't think that is going to happen.

"The big thing for me is securing my future and my family's.

"I can't accept a deal until the end of this season with nothing for next season.

"From what was said today, the club is not in a position to offer me a deal and by the looks of things, I'll be going back to England.

"My flight is booked for January 5 and I'll be going then."

Jets executive chairman Ken Edwards said they would love to keep Jeffers for the remainder of the current campaign but insisted that a deal for next season was too much to offer.

"We indicated to him that we would love for him to stay for the rest of the season if we can find a way," Edwards said.

"But we are not in a position to make him an offer for next year yet because we don't have an indication from the FFA what the salary cap situation will be."