I'm working on it.

Meaning

I am making progress on a particular task or goal.

Examples

• John: 'Have you finished the report yet?'
• Alice: '<b>I'm working on it</b>; it's quite a lot of work.'
• John: '<b>I'm working on it</b>; I hope to resolve it soon.'
• Alice: 'Did you manage to fix the problem?'