Clyne's future has been heavily speculated on in the press as his current deal with the Saints is due to expire at the end of next season.
The Daily Mail have suggested that the defender will join Manchester United when the transfer window re-opens, however, Reed has stated that these reports are wide of the mark and that Clyne could pen a new long-term deal over the coming months.
“We’re in constant communication,“ Reed said. “These contract negotiations are never just one meeting, where everything is done and sorted out.
“You have to bear in mind, especially with Nathaniel, that we want him to focus on the last few games of the season. That’s why you’ll get players saying, ‘let’s wait until the end of the season’.
“That’s quite normal and he’s very happy. He’s managed to force himself into the England squad and is showcasing his talents.
“I’d be very surprised if there wasn’t speculation about him, but at the moment the signs are good.”
Reed's comments will be welcomed by Southampton supporters as they offer hope that the Saints won't experience a repeat of last summer’s exodus of top talent.
There had been fears that Southampton were set to be robbed of their brightest talents once again, but Reed seems to think that Clyne will show his commitment.
If they can get Clyne to sign a new deal, then it would show just how far the South Coast club have progressed in a short period of time, as the 24-year-old is one of the most highly rated right-backs in the Premier League.
Clyne has become a key player for club and country and if he can be convinced to stay put, it would be a real statement of intent from Ronald Koeman's side.