Keith Bogans was at the Berto Center but not allowed to participate in the team's first practice on Friday.
"Keith Bogans is under contract with the Bulls and we have a December 19th option on that contract," Bulls general manager Gar Forman said in a statement. "At this time, we are exploring several options in finalizing our roster. We have always respected Keith's professionalism and we hope to have more clarity on this situation soon."
The Bulls must pay $1.7 million to pick up the option on Bogans' contract. But with players such as Jamal Crawford, Rip Hamilton and Vince Carter on the market, Forman prefers to wait to see which other players are available before making a commitment to Bogans, who started 82 games last season and averaged 4.4 points per game.
An injury to Bogans could complicate the process.
"We have the options with Keith," Thibodeau said. "We just have to be patient and see how it plays out. It's an unusual set of circumstances right now. We just have to be patient."
While it appears Bogans has played his final game with the Bulls, Thibodeau continued to heap praise on Rose's defensive-minded backcourt mate from last season.
"He did a great job for us," Thibodeau said. "He did his job every night. He played great defense, hit spot-up shots. He's been the consummate professional."