Wood has a mutual option for 2007 that would pay him $13.5 million with a $3 million buyout.
"I probably won't think about it until the season is over," Wood said. "But I absolutely would love to stay here."
Since he's been injured numerous times the past three seasons, it's doubtful the team will pick up the option at $13.5 million, but it's possible the two sides could come to an agreement at a lower price.
REPLAY: Wood's return was spoiled when he gave up three home runs in a 5-3 loss to Washington on Thursday afternoon at Wrigley Field.
The Cubs had a shot at winning the game in the bottom of the ninth, but with runners at first and third, Neifi Perez tried an unsuccessful bunt. Matt Murton went 3-for-5 to bump his average up to .278.
--RHP Kerry Wood allowed three home runs in his first game back from last year's shoulder injury on Thursday. While his fastball was clocked at 91-93 mph, manager Dusty Baker is confident that the velocity will increase with more work.
--3B Aramis Ramirez missed a start on Thursday because of a strained lower back. He was able to pinch hit and had an RBI single against Washington. The Cubs hope he can return Friday to open the White Sox series.
--RHP Jae-Kuk Ryu was sent back to Triple-A Iowa on Thursday to make room for RHP Kerry Wood, who came off the disabled list. Ryu made a relief appearance for the Cubs on Sunday. He will likely return to the starting rotation for Iowa.
--IF Tony Womack inked a minor league deal and will report to Triple-A Iowa. Womack was with the Cubs toward the end of the 2003 campaign, but was hampered by an elbow injury. He opened the season with Cincinnati.
--RHP Mark Prior (shoulder injury) is slated to throw 40-45 pitches against Rookie League hitters Friday at extended spring training in Arizona. He may pitch another Rookie League game next Wednesday before heading out to a minor league rehab assignment.