Masalesa joined Greek topflight side AEL Larissa on a two-and-a-half year deal in January after his career stalled at Pirates, and went on to help the club survive relegation by playing in 14 games last term.
However, the 25-year-old, who has also been on the books of PSL champions Bidvest Wits, has revealed he may yet be on the move again.
He told SAFA Media: "I don’t want to say much, but I can proudly say there is something cooking in the oven – in fact there is a lot of interest, but sometimes it’s better to keep quiet and let things unfold in their own pace. There are a lot of possibilities – I could go back to my current club or I may not. But in due time all will be revealed."
Masalesa feels he has improved as a player since going abroad, as evidenced by his Bafana Bafana call-up for the COSFA Cup, currently underway in Rustenburg.
"The level of training [in Greece] is at a higher notch, the football is a lot tougher, you need to concentrate a lot, you need to work very hard and be very sharp in your approach and execution of your duties. There are no easy games in the league and all of that has and will help me improve as a player because when you train well and play well you become a better player."
The uncapped Masalesa added: "The fact that I am here means things are going well for me, as my career got back on track the last six months. I got to Greece and I did what I had to do so things are really looking up, we will see what the future holds."
Meanwhile, Masalesa expects Bafana to impress in the COSAFA Cup ahead of their quarter-final with the winner of Group A on Sunday.
"We have a very good crop of players and it makes me wonder how we lost in the U-20 FIFA World Cup with such good players. I think there are a lot of young players who want to showcase their talent and there is a good blend of experienced guys like Mario Booysen and Aubrey Ngoma, so we can do well. We must just apply ourselves and we will see what will happen.