It's come to light that Lee Hyori's contract with her agency, B2M Entertainment, has actually long expired. However, her ties with the agency still remain on a personal level and she does not have plans to look for another agency any time too.

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Reports came out today declaring Lee Hyori to be a free agent now, but her reps quickly announced that although she technically does not have a contract with an agency, she is not looking to sign with one.

B2M was also reached for comment and they explained, "Our written contract with Lee Hyori actually expired in 2013. However we have continued to maintain cooperative ties with one another since then, and nothing has changed." It seems that although the diva has not renewed her contract, the agency is continuing to take on the role of her management as the two have a mutual understanding.

Someone who knows the diva well also confirmed, "She has no plans as of right now to look for a new agency or a management. She will maintain this current set up for a while."