Deeney, 24, was sentenced to 10 months in prison in June having pleaded guilty to affray following an attack on a student outside a Birmingham nightclub.
A statement on the club's official website read: "Troy Deeney will discuss his Watford career prospects with head coach Gianfranco Zola in a meeting scheduled for this week.
"The striker, released early under conditions from his prison sentence, will meet with Zola and other senior Hornets' officials.
"A further announcement about Deeney's Watford FC future will be made in due course."
- Troy Deeney
- Gianfranco Zola