According to the Storm, Cameron Smith will be playing for the club through next year's NRL season.

Smith is currently on a family holiday where he will be spending Christmas overseas, and he is scheduled to return to training on January 3.

Storm football manager Frank Ponissi said that the deal will get done.

“We know a contract will be done,” Ponissi told AAP.

“It’s still ongoing but everything’s really positive and it’s not a matter of whether or not he will play next year; he will be playing.

“This is the biggest break Cameron’s ever had. When he comes back he will have had three months off which will revitalise him.”

Rabbitohs coach Anthony Seibold, Kangaroos prop David Klemmer, who has left the Bulldogs for the Knights, and ex- Warriors halfback Shaun Johnson are all Smith's managers' clients, Isaac Moses.

With Ponissi, Craig Bellamy and storm chief executive Dave Donaghy all traveling overseas, it has seen the negotiations delayed.

With the 35 year-old wanting a two-year deal instead of the original one-year plan, Melbourne must consider the future salary cap and the salary of their young stars on the rise.

“We see it as a positive as it highlights his positive mindset that he wants to play on for two years,” Ponissi said.

Many players believe that Smith is capable of playing out two more seasons, especially the clubs rising star Cameron Munster.

“Smithy could probably play until he’s 50,” Munster said.

“I think the only injury he’s ever had was a high ankle sprain, so for the amount of tackles he makes every game in the middle he’s done really well. He’s too smart.

“He avoids tackles but makes 50 a game, so it’s a remarkable what he can do and the way he’s going he could probably play for another three or four years.”