Tropical Storm Patty is over 300 km east of the central Bahamas and is slowly drifting southwestward.
"It's just barely hanging on to its tropical storm status," says Gina Ressler, a meteorologist at The Weather Network.
According to the U.S. National Hurricane Center, additional weakening is likely and Patty could become a remnant low by Saturday.
There are currently no coastal watches or warnings in place and the storm poses no immediate threat to land.
Forecasters are also keeping their eye on another system behind Patty, which has a 70 percent chance of strengthening into Tropical Storm Rafael this weekend.
There is still plenty of time for more storms to develop over the next month or so as the Atlantic hurricane season runs through November 30.