Morgan is out of contract with Ospreys at the end of the 2025-26 season, and previously said he would leave professional rugby in Wales if they fold.
The Welsh Rugby Union (WRU) wants to do away with one of the four regions by keeping just one in the west, effectively putting Scarlets and Ospreys at risk.
Jones says there has been “lots of good news” around player signings, with Keelan Giles the latest to sign a deal, but Morgan and fellow Wales captain Dewi Lake have yet to commit.
“They have been quite clear that they are not going to be rushed into making decisions,” Jones said.
“They, like a lot of us, are waiting to hear what the plans are longer term and then they can make some more informed decisions and I fully respect that.
“We’ve made our stance clear, we are speaking to both of them and have offers in front of both of them.
“We need to respect that they’re focused on other things at the moment but as soon as we can get into deeper conversations, we’ll be looking to do that.”
