Wood was one of 11 North Melbourne players delisted in September last year and could earn himself an AFL lifeline at the Saints via the pre-season Supplemental Selection Period or wait his time and be selected via the mid-season draft.
Speaking on SEN, Ratten revealed the club are in ongoing contract discussions following Wood’s promising stint at Moorabbin.
“We’re talking about it,” Ratten said on Sportsday.
“We’ve got three spots on our list vacant so there is room there and he’s training really well, so we’ll go through that with James Gallagher (list manager) and we’ll have a chat later this week with where it sits.
“He’s a fine young man, he’s put his best foot forward, he’s done everything right – if he continues like that there’s an opportunity there.
“We have got space, but we’ll make a decision as a club probably around Friday or Monday.”
St Kilda currently hold three available list spots and will have until March 9 to decide on selecting players through the SSP while the AFL Mid-Season Draft will take place on June 2.