diff --git a/distributed/client.py b/distributed/client.py
index bc39b956d2..19e4e2a821 100644
--- a/distributed/client.py
+++ b/distributed/client.py
@@ -358,13 +358,22 @@ def executor(self):
         return self.client
 
     @property
-    def status(self):
+    def status(
+        self,
+    ) -> Literal["pending", "cancelled", "finished", "lost", "error"] | None:
         """Returns the status
 
         Returns
         -------
-        str
-            The status
+        str or None
+            The status of the future. Possible values:
+
+            - "pending": The future is waiting to be computed
+            - "finished": The future has completed successfully
+            - "error": The future encountered an error during computation
+            - "cancelled": The future was cancelled
+            - "lost": The future's data was lost from memory
+            - None: The future is not yet bound to a client
         """
         if self._state:
             return self._state.status
@@ -645,7 +654,9 @@ def __init__(self, key: str):
         self._event = None
         self.key = key
         self.exception = None
-        self.status = "pending"
+        self.status: Literal["pending", "cancelled", "finished", "lost", "error"] = (
+            "pending"
+        )
         self.traceback = None
         self.type = None