"No one knows what will happen," Selanne told told Swedish newspaper Sport-Expressen. "I hope for the best, but fear the worst; that the entire season is lost."
Selanne has been skating in Anaheim with several other NHLers, but is starting to find it difficult to hit the rink on a regular basis.
"There are days when I sit in my car and go to the rink to train with some of the other guys on the Ducks, and I wonder why I bother," he said. "What's the point?
"You have to have discipline and be ready for when the league gets underway, but it's tough to find the motivation right now."
Selanne, a 10-time All-Star, expressed his disappointment in the way CBA negotiations have gone, and with the NHL.
"No one could believe that the conflict would last this long," he said. "I am surprised that we ended up in this situation.
"The way (the owners) have treated us during the lockout makes me angry. They aren't willing to negotiate with their 'take-it-or-leave-it' offers."
Selanne remains fully supportive of his union, and says that as players, "we have to stick together as a family."
In 1,341 career NHL regular-season games, Selanne has accumulated 663 goals and 743 assists for 1,406 points.