The former Kaizer Chiefs and Orlando Pirates striker joined Usuthu last year January transfer window from Moroka Swallows so he could be close to his family in Durban after spending many years away.
Nomvethe is showing few signs of decline and was the third top scorer in the National First Division with 17 goals in 27 league appearances.
According to his representative Mike Makaab, who took 'Bhele' from African Wanderers to Chiefs in 1998, there are positive talks between Usuthu and the veteran striker.
"It looks positive that he'll continue to play next season for Usuthu," Makaab tells KickOff.com.
Talks will begin next week as AmaZulu General Manager Lunga Sokhela is currently out of the country and is only set to return next week as he was in Zurich at the Court of Arbitration for Sport (CAS) attending to the case of unlawful dismal of former club player Pinehas Jakob of Namibia.
Other players at AmaZulu who have uncertain futures are Mabhudi Khenyeza and Roggert Nyundu and their contracts will also be attended once the Usuthu GM returns from overseas next week.
Khenyeza, who was released by Usuthu's neighbors Golden Arrows at the end of the 2015/16 season, joined the club at the start of this past season on a one a year deal and scored six goals in 29 league appearances.
Nyundu joined Usuthu late last year after cutting the ties with Black Leopards and was only registered in this year's January transfer window after playing for Lidoda Duvha when the season started.
He scored two goals in 12 league appearances as Joey Antipas' side finished fifth on the log table, two points shy of a Promotion Play-off spot.