Mosimane is reportedly seeking a R10 million payout from Safa after he was unceremoniously booted out of office three months ago.
He was sacked immediately after Bafana's draw with minnows Ethiopia in a 2014 World Cup qualifying match.
The former Bafana coach claims he was unfairly dismissed. Early last month the CCMA gave the two parties a three-week timeline to resolve their differences.
Safa are reportedly willing to pay Mosimane R5 million, which the outspoken coach has refused to accept.
Mosimane is being represented by Cowan Harper Attorneys while the head of Safa's legal department – Nathi Ngcobo – is handling the dispute on behalf of the football mother body.
"The two parties are likely to find common ground. If they fail to agree, then the case will have to go to arbitration," says a source at Safa.
Contacted for comment, Ngcobo declined to reveal if Safa would give into Mosimane's demands.
"The matter of Mr. Mosimane is still sub judice and no further details can be given at this stage," Ngcobo tells KickOff.com.
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Entlik mara, "Who killed Jimmy?" who? who? who? and whyyyyyyyyyyy?...
It has been reported that Mathe has injured 35 in-mates due to a bail given to his the love of his life Bobby "Mbhebheni" Motaung Mathe.
when Kick Off interviewd Mathe, this is waht he said " Bayahlaanya labo Hawky, Bobbylicios is mine and mine alone, he must be found gulity, because no have such glamour ass and he is full of love and peace, if she is not back by nxt week, heads will roll"