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Despite recent reports to the contrary, Britney Spears is still in “deep negotiations” to headline a Las Vegas residency in the near future, says her manager, Larry Rudolph.

“I’d be shocked if it didn’t happen,” Rudolph told Extra on Tuesday. “[We're] hoping to have a deal done very soon.”

Rudolph also revealed that negotiations had been narrowed down to two potential casinos, one of which is part of the Caesars Entertainment group.

Britney Spears Hints at Las Vegas Residency

Caesars’ Palace released an official statement earlier this month saying that Spears was not in talks to come to the Colosseum – which already hosts Celine Dion, Elton John and Shania Twain through 2014, while Rod Stewart has a two-year contract that ends in August -- as the venue is already “packed every weekend for months.” The group does, however, own several additional properties in Sin City, including Bally’s, Flamingo, Harrah’s, Paris, Planet Hollywood and Rio.

Earlier this year, Spears officially announced that she would not be returning for season three of Fox’s The X Factor. Rumors quickly began to circulate that Spears was negotiating a Las Vegas residency. According to Rudolph, Spears’ deal will be finalized once her team decides which locale to commit to.

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A rep for Spears did not immediately return The Hollywood Reporter's request for comment.