City have been relegated to the GladAfricaCchampionship after finishing the season with only 25 points after 30 games.
Larsen's contract with Rise and Shine is set to expire at the end of next season.
The coach confirms there is a meeting scheduled with Mogaladi and the rest of his technical team.
"There is nothing new," Larsen tells KickOff.com regarding the nature of the meeting.
"It's standard procedure after every season that the chairman meets with the technical team to discuss the technical report.
"After meeting with the technical team he will have a meeting with the players."
Larsen declined to discuss whether he will stay with Polokwane City or not next season.