According to TSN Edmonton reporter Ryan Rishaug, the Oilers and Hall are very close to an agreement, while negotiations with Eberle's camp are ongoing.
Both players are entering the final seasons of their three-year, entry-level contracts. Should they not sign contract extensions, both would become restricted free agents at the end of the 2012-13 season.
Eberle, 22, led the Oilers in scoring last season with 34 goals and 42 assists in 78 games. He was Edmonton's first-round pick (22nd overall) in the 2008 Draft.
Hall was the first-overall pick in the 2010 Draft. The 20-year-old had 27 goals and 26 assists in 61 games last year in his sophomore season.