The team have said that they are not looking into a jailbreak for iOS 7.1 as they are waiting for the arrival of iOS 8.
It is thought that Apple could offer iOS 8 alongside the iPhone 6 later this year at the WWDC; this is something they have done in the past.
Meanwhile Winocm sent out a jailbreak for iOS 7.1 for the iPhone 4 along with the 1st gen iPad and the 4th gen iPod Touch.
The newer iPhones have proven to be a lot more difficult to jailbreak than the older ones, thanks to Apple having increased the security measures.