The 28-year-old midfielder has been at Molineux since 2008, but will see his current deal expire at the end of the season.
Fresh terms have been mooted for some time, with the Wales international still delivering on the field.
Wolves are, however, putting all of their efforts into a Sky Bet League One promotion push at present and will leave discussions regarding new deals until they know where they stand.
Taking that into account, Jackett has reiterated that Edwards will have to bide his time and wait for the club to come to him.
He said in the Express and Star: "He is a very good player who has been a key player for us when he has played. He gives us something different. I have been very pleased with his contribution.
"An attitude to not get beaten is a big thing that runs right through the side at the moment, and Dave Edwards has got that.
"I have been very pleased with Dave but it's not about starting contract negotiations with any player at this stage - it's about getting the job done.
"The fact that I have selected him all season and praised him very highly bodes well for the future."
Jackett has also offered an update on the fitness of Bakary Sako, with the winger having been nursed through a toe complaint in an effort to ensure that he can play a full part in the end of season run-in.
He added: "We wanted to get Sako back in.
"We have given him a break where he has had two games as a substitute and two games off. That has given his toe a really good chance of recovering and he was actually disappointed to come off (against Peterborough) with seven or eight minutes left. I think that's a good sign."