"I said if I was still enjoying myself and still getting picked I'd carry on," said Giggs, who signed a professional contract at United in November 1990.
"We'll sit down and talk but I'm really looking forward to playing next year."
The Welshman added: "I don't know when it will be sorted out.
"We have been quite relaxed about it over the years but it is usually done and dusted quite quickly."
My only fear is that we put off trying to replace him (the same goes for Scholesy) while he's still around! the white pele Giggs made his United debut in March 1991 and has since become the club's record appearance maker after racking up more than 850 outings.
He has won 11 league titles and two European Cups in his time with the Red Devils and was labelled an "incredible human being" by manager Sir Alex Ferguson after making his 600th league appearance in the 0-0 draw at Tottenham last Sunday.
"It is good to hear praise from the manager," said Giggs. "He would be the first one to tell me if I was not playing well or my form wasn't good.
"We talk a lot more and we are a lot more honest with each other. He tells me when I am not going to play and gives me a little bit more notice now.
"It is a great relationship and one that has been a big part of why I am still playing."
Meanwhile, United boss Ferguson has said that winger Antonio Valencia is on course to return from injury at the end of February.
The 25-year-old Ecuador international has been sidelined since August 2010 after suffering a serious ankle injury against Rangers in the Champions League at Old Trafford.
"Antonio is doing well now," said Ferguson. "He has got the all-clear from the doctors and is under our complete control now, which is great news.
"He has started his running programme and is with the physios every day, which is a big step forward.
"Possibly he should be back in the first-team squad towards the end of February, which is a big boost to us and something to look forward to."