10:35am: Neal is likely to re-sign with the Spurs, a league source tells Jared Zwerling of ESPNNewYork.com (Twitter link).
8:41am: Updates on Gary Neal have been scarce so far this month, with the 28-year-old's name only surfacing in discussions about how the Spurs' agreement with Marco Belinelli affects Neal's future in San Antonio. When the Spurs and Belinelli agreed to terms, ESPN.com's Marc Stein reported that there were "strong indications" Neal would be leaving San Antonio, since he was receiving interest from rival clubs at a higher price than the Spurs were willing to offer.
At the time, it wasn't clear which teams were in play for Neal, but Gery Woelfel of the Racine Journal Times reports (via Twitter) that the Bucks are a potential suitor. According to Woelfel, Milwaukee is one of four teams interested in the restricted free agent guard.
With Neal's Bird rights in hand, the Spurs will have the opportunity and the means to match any offer sheet he signs with another team. However, with Belinelli on board, it's not clear whether there will be enough minutes to go around. I would guess the Spurs will still be open to bringing Neal back if the price is right, but it sounds like they'll have plenty of competition.