The Washington Post reports the two sides are close to reaching a deal, via anonymous sources:

Negotiators for the NFL and locked-out players moved closer Thursday to resolving the economic issues at the heart of the sport’s nearly four-month shutdown, according to several people not involved in the talks but with knowledge of them.
If completed, an agreement on how to divide the sport’s revenues would be a major step in their bid to complete a deal to end the labor lockout in the coming days.
There still were potential obstacles that could derail negotiations even as the two sides closed in on an agreement on a system to split the NFL’s burgeoning revenues, several of those familiar with the negotiations said. They spoke on the condition of anonymity because of the sensitivity of the deliberations. The negotiations have come close to unraveling previously and that could happen again, they cautioned.
The two sides met into the night Thursday in New York, breaking for the night shortly before 11 p.m. Full negotiating teams for the league and players gathered for the first time this week after meetings Tuesday and Wednesday consisted of attorneys and staff members only.

We shall see.