The midfielder's current deal is due to expire in June.
Hammers boss Sam Allardyce said: "Joe will have to wait and see at the end of the season like five or six others, we will decide if and when we are safe.
"Is Joe happy to wait? He's got no choice, has he? He's contracted to us. Like all the others, the agents ring us up all the time, but if I start with one, then I'll have to do everybody."
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