According to Tim Reynolds of the Associated Press, Wade and team president Pat Riley will discuss the player's future "in about a month."
He is currently a free agent after signing a one-year deal with the Cavaliers before the start of the season.
The 36-year-old addressed retirement following the first-round loss to the Philadelphia 76ers but was clear he hadn't made a final decision.
"That's not my focus," Wade said of retirement, per Ian Begley of ESPN. "Fresh off this NBA season, my 15th year, I sit back and think about that. Then I dive and throw myself into my family. They're next on my bucket list, making sure I'm there for them. And when it comes to the basketball side of it, which is a long time away from now, then I'll think about that."
He also said he would at least wait for a more fitting location to make any important announcement, saying there "ain't gonna be no breaking news here in Philly."
The 12-time All-Star had by far his worst career season in 2017-18, setting a new low with 11.4 points per game while splitting time with the Cavaliers and Heat. He also became a bench player for the first time in his career, starting only three of his 67 games.
Prior to this season, Wade had only come off the bench in 11 of his 915 games across 14 years.
On the other hand, he showed in the postseason he can still make an impact. The veteran averaged 16.6 PPG in the five games against Philadelphia, including 28 in the team's one victory.
With Miami struggling offensively at times—finishing 23rd in the league in scoring average—keeping a pure scorer like Wade could be a key move toward 2018-19 as long as he wants to keep playing.