Manchester United say no decision has made about Mason Greenwood's future, which is still the "subject of intensive internal deliberation".
Charges against forward Greenwood, 21, including attempted rape and assault, were dropped on 2 February.
An announcement was expected before Monday's Premier League opener against Wolves but was delayed.
In a statement on Wednesday, United said the "fact-finding phase" of their investigation was now complete.
They added a decision about Greenwood's future - which "ultimately rests" with chief executive officer Richard Arnold - was in the final stages.
It is thought United's direction of travel was for Greenwood to return in some form, but the fierceness of debate around his future, among other things, has made them pause.