While the Black Cats were entrenched in the Premier League's bottom-three, they had conceded that they would not be keeping either Colback or Bardsley - but they now look likely to stay up which means they are ready to try and retain the duo.
With nine players out of contract this summer, Gus Poyet is set to bid farewell to a host of players - but he wants Colback and Bardsley to remain, who have both attracted interest from a number of Premier League rivals.
Sunderland's arch-rivals Newcastle United have shown an interest in Colback along with Everton, whilst West Ham are thought to be keen on Bardsley - but now new talks will commence.
Sky Sports revealed last month that Colback had not ruled out the prospect of staying at the Stadium of Light, and that could yet be the case.
After winning at Manchester United, which virtually seals their place in the Premier League - Poyet confirmed that they will be looking at again at the Colback and Bardsley situations.
"We had conversations with Jack and Phil, which did not work out the way anyone hoped, so we decided to put an end to those talks," said Poyet.
"But the idea now is to leave it until we know for sure where we will be next season and then maybe talk again.
"It's a few more days to wait to know the outcome of the season - it's not months - and it's better for them and better for us."