In a recent podcast interview, Adidas CEO Bjorn Gulden, who took over as CEO in January last year, said he didn't think West "meant what he said".
West made antisemitic statements on a podcast last year and Adidas ended their contract with him and withdrew Yeezy products.
Adidas does not have any plans to revisit the deal with West's brand Yeezy, even though it was one of the most lucrative for them.
The company is expecting to lose $1.3 billion in revenue this year due to being unable to sell Yeezy clothing and shoes.
Selling some leftover Yeezy inventory is helping them recover a few losses, and Adidas hopes the total will be lesser this year ($491 million instead of $764 million last year).
Recently, Adidas also signed a $1.2 billion deal with the British football club Manchester United to replace the collaboration with Kanye West.
West has made several controversial statements in the past including that slavery was a choice and wearing a "White Lives Matter" T-shirt to Paris Fashion Week.
Investors have also sued Adidas in the U.S., alleging it knew about West's antisemitic statements much before but did not take any action against it.