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Maybe they are waiting to see if they need that cap room this year or not. Maybe the draft goes well and they do not feel there is a free agent who will make a significant difference. Then they would have cleared cap space that they do not need.
With teams being allowed to roll over cap space into next season the Packers not spending any of it this season wouldn't negatively affect their cap going forward in any way.
Now that Aaron has had his MVP season I think it is just as likely, assuming he follows it up with similar production in 2021 that the Packers stick with him and maybe even extend him again.
Rodgers posted the second highest single season passer rating in NFL history in 2020. It might be a bit unrealistic to expect him to repeat that performance.