Toronto's president is nearing a two-year contract extension according to a Sportsnet.ca report on Tuesday afternoon. Beeston's contract officially expires at the end of the month, but he was expected to continue on even if an agreement had not been reached by that time.
The Blue Jays have not commented on the report.
Beeston rejoined the Blue Jays in 2008 following an 11-year absence and eventually reached a three-year agreement to oversee the club's operations.
"I've never worked under contract before, other than this one," Beeston said in the report. "I don't buy into contracts, if I do my job, I do my job, if they want to get rid of me, they get rid of me, if I want to leave, I leave. Simple as that. It's on a day-to-day basis, and I expect to be here Nov. 1."
Beeston became the first employee hired by the Blue Jays when he joined the club in 1976. Following a series of promotions, Beeston accepted the role of president and chief operating officer in 1989.
The native of Welland, Ontario, remained with the organization until 1997 when he accepted a position with Major League Baseball. Beeston returned in 2008 to take over for Paul Godfrey on an interim basis, but was eventually persuaded to sign on full-time.
With the arrival of Beeston, the Blue Jays went back to their roots. They solidified a stronger working relationship with Baseball Canada, went on a pair of winter tours and began running baseball clinics across the country during the summer to help grow the game.
At Beeston's urging, the Blue Jays also went back to a more traditional look with their uniforms. The logo became a modernized version of the one used until the late '90s while the colors went back to navy blue.
Beeston's boldest move arguably came in 2009 when he opted to promote Alex Anthopoulos to general manager. Anthopoulos was just 32 at the time, but quickly became one of the more respected GMs in the game for his due diligence and creativity.
Even if the Blue Jays and Beeston do reach an agreement, it's possible they won't make an official announcement. Toronto has a club policy of not revealing the contractual terms of its employees as was the case with both Anthopoulos and manager John Farrell.