Manchester United say they are in the "final stages" of making a decision on the future of Mason Greenwood.
The 21-year-old has been suspended by the Old Trafford club since 30 January, 2022, over allegations relating to a young woman after images and videos were posted online.
Greenwood was facing charges including attempted rape and assault until the Crown Prosecution Service announced six months ago that the case had been discontinued.
The club statement said: "Following the dropping of all charges against Mason Greenwood in February 2023, Manchester United has conducted a thorough investigation into the allegations made against him.
"This has drawn on extensive evidence and context not in the public domain, and we have heard from numerous people with direct involvement or knowledge of the case.
"Throughout this process, the welfare and perspective of the alleged victim has been central to the club’s inquiries, and we respect her right to lifelong anonymity.
"We also have responsibilities to Mason as an employee, as a young person who has been with the club since the age of seven, and as a new father with a partner.
"The fact-finding phase of our investigation is now complete, and we are in the final stages of making a decision on Mason’s future.
"Contrary to media speculation, that decision has not yet been made and is currently the subject of intensive internal deliberation. Responsibility ultimately rests with the Chief Executive Officer.
"Once made, the decision will be communicated and explained to the club’s internal and external stakeholders.
"This has been a difficult case for everyone associated with Manchester United, and we understand the strong opinions it has provoked based on the partial evidence in the public domain.
"We ask for patience as we work through the final stages of this carefully considered process."