The on-loan Chelsea striker has scored 12 Premier League goals for the Baggies this season and Clarke feels that if the Stamford Bridge club want him to again develop in a first team environment next term, then Albion could be the place.
"It's something that will come up for discussion in the summer," Clarke told reporters.
"Chelsea are his parent club, he is their player and they will decide what they want to do first and foremost.
"Then, after that, hopefully we will get a chance to put ourselves in the hat.
"If Chelsea want to leave him out for another season somewhere, I think we would have a strong chance of getting him back here."
He added: "For such a young player, the sky is the limit.
"We will just try to help him along the way with that. We're just pleased that he chose to come to us to get more minutes on the pitch in the Premier League."