The development is a U-turn from the governing body after it allowed Keshi's contract to expire after the World Cup.
However, Nigeria's sports ministry is understood to feel Keshi has made" outrageous" demands over a new deal.
The 52-year-old led Nigeria to their third African title in 2013 and the last 16 at the World Cup in Brazil.
But his reign as coach was littered with problems over money, as he experienced a number of delays in receiving his salary, and issues around his control of team selection.
He has reportedly sought a new deal that would double his $30,000-a-month salary, ensure monies are paid upfront to avoid delays and also allow him to pick his staff.
Following a meeting of the NFF executive committee, the board "mandated the technical sub-committee to open channels of communication with Stephen Keshi with a view to extending his contract, as the NFF is still interested in working with him".
It added: "The technical sub-committee is to report back to the executive committee within one week."
Meanwhile, Nigeria's sports minister Tammy Danagogo says football officials in the country must put aside their differences for Nigeria to go beyond the round of 16 at the World Cup.
"The only way we can go beyond round of 16 is to ensure that the right things are done," he said.
"If [the round of 16] is a jinx we must break it. And it is by ensuring that the right things happen; by ensuring that NFF does not complain that the minister is disturbing them.
"It is by ensuring that club owners are not complaining against the NFF, it is by ensuring players and coaches are not complaining that NFF or club owners are short-changing them."
BBC
Related stories: Nigeria Super Eagles coach Stephen Keshi steps down after 2-0 defeat to France in the 2014 FIFA World Cup
Nigeria Super Eagles refuse to train due to unpaid FIFA World Cup 2014 appearance fees
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