CAF Director of Communications Lux September confirmed the governing body is in ongoing discussions over the situation surrounding the competition, which is currently set to run from March 17 to April 3.
The tournament also serves as a key qualifier for the 2027 FIFA Women's World Cup in Brazil, making the decision particularly significant for participating nations.
"CAF will communicate within the next 48 hours on the situation regarding the #TotalEnergiesWAFCON26," September said in a message posted on his X account.
"There have been several discussions for weeks. The matter is receiving urgent and high-level attention."
Reports suggest Morocco has informed CAF it may not be able to host the tournament during the planned dates, wrote Flashscore.
However, the North African nation is believed to be keen to retain hosting rights and instead stage the event later in the year, with August emerging as a possible alternative window.
The uncertainty has opened the door for potential contingency plans. South Africa previously indicated they would be ready to step in and host the tournament if required. However, CAF regulations stipulate that a nation withdrawing as host would be disqualified from participating in the competition.
Such a scenario would be a significant blow to Morocco, which has heavily invested in developing women's football and had hoped to use the tournament as a platform to qualify for the World Cup.
A record 16 teams are expected to compete in the finals, including defending champions Nigeria, 2022 winners South Africa, bronze medallists Ghana and debutants Kenya.