According to an exclusive report on January 6, GOT7's Yugyeom has met up with a rep from hip-hop label AOMG to discuss a potential contract signing. 

Allegedly, the GOT7 members have been looking into various options since last year, as their exclusive contracts with JYP Entertainment will come to an end at the end of January. In Yugyeom's case, it's reported that he is positively looking into joining Jay Park's crew at AOMG. 

Meanwhile, back in December, some media outlets reported that fellow GOT7 member Jinyoung had met up with a representative from BH Entertainment to discuss an exclusive contract. 

[UPDATE] In response to the above report, JYP Entertainment has issued the following curt comment: "We are still in the process of discussing various options regarding GOT7's contract renewals. We will notify you once our position is confirmed."