Appearing outside his Sydney house on Tuesday, Sandilands said he had not heard anything from KIIS FM parent company ARN about whether they would terminate his $100 million contract for inappropriate conduct.
Sandilands has previously denied he breached his contract by criticising co-host Jackie "Jackie O" Henderson on-air on February 20.
But ARN suspended the controversial host on March 3 and said he had 14 days to remedy the breach, meaning a decision on whether he will return to the airwaves is expected on Tuesday.
"At the end of the day, I've got a contract with ARN and I expect them to honour that," Sandilands said on Tuesday.
"I do have some options if they don't."
When asked about whether he would investigate buying out the media company, which has a market cap of about $106 million, Sandilands smiled and said he had "many options".
"I still want to do the show, the listeners want me back on doing the show," Sandilands said.
The friction between the hosts stemmed from Sandilands berating Henderson during a live broadcast, where he criticised her after she looked into Andrew Mountbatten-Windsor's horoscope.
"You're off with the fairies ... every segment, every time you've spoken, you don't even know what's going on," Sandilands said in his rant.
"You're not doing the rest of the job and everyone in this building has mentioned it to me."
ARN said in a statement to the ASX on March 3 that Henderson gave notice she could no longer work with her co-host and it considered Sandilands' comments a breach of his agreement with the company.
The Sydney ratings darlings are in the second year of a decade-long, $200 million contract which coincided with a poorly received entry into the Melbourne radio market.
On Monday, the now-dormant show was hit with new licence terms should it return to the air.
Repeated decency breaches prompted the media regulator to order ARN to ensure no offensive or explicit sexual content went to air on the show.
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