Scott has a deal running until 2028 but has so far declined to commit to fresh terms. Chelsea made an approach during the summer transfer window, with reports suggesting their highest bid reached £68 million, although Bournemouth refused to sell.
The Cherries are understood to value the 23-year-old at more than £100m ahead of January, although the precise fee that would persuade them to negotiate remains a matter of reporting rather than a confirmed club position.
Speaking to talkSPORT ahead of Bournemouth’s Europa League meeting with AC Milan, Foley said the club still believe the south coast is the right place for Scott to continue his career.
“I don't want to sell anyone at any time anywhere,” he said. “Now I have to defer to Tiago (Pinto), my president of football, and he really comes to me with his ideas and his plans. At this point, we're convinced we're the right place for Alex to be, for Alex to stay. We'll keep on addressing contract issues with Alex as we move through this year.
“We'd love to have Alex stay here and sign a new contract and be a part of this team for the long haul and we're still working on it. We haven't given up.”
Foley acknowledged the challenge of convincing ambitious players to remain at Bournemouth when larger clubs come calling.
“But sometimes, players get stars in their eyes and they think Chelsea is the right place to go, or Man City,” he said.
Scott is currently sidelined with a quad problem sustained while on international duty with England. His injury adds another complication to a situation Bournemouth have been trying to resolve since he rejected offers to extend his contract.
Foley also pointed to the club’s wider ambition to build a team capable of retaining its best players rather than routinely selling them to bigger sides. Bournemouth have already lost Antoine Semenyo, who joined Manchester City, but Foley believes they are approaching a stage where keeping key talent can become more realistic.
“We're close,” he said. “We have to respect the fact that a lot of our players are younger, they've come to Bournemouth on the expectation that they'll get time to play and perhaps move on to a bigger team and we recognise that. We're happy with where we are, and we believe we'll start making progress in terms of retaining key talent.
“It may not be this year, it may not be next year in terms of everyone, but we're close. We have to prove to the players that this is the place they want to be, and that they want to stay, and don't want to move on.”
For Bournemouth, keeping Scott would be a significant statement of intent. Foley’s comments make clear that the club still want to reach an agreement, but the midfielder’s contract situation and the interest from elsewhere leave the outcome unresolved.