The talented centre-half has attracted interest from the likes of Tottenham and Newcastle United this summer.
However, Football Insider says Hincapie is willing to discuss a new contract with Bayer.
With a deal to 2026, the 20 year-old is seeking a pay-rise to reflect his new status across Europe.
Bayer Leverkusen signed Ecuador international Hincapié from Argentina's CA Talleres in the summer of 2021. He has managed to play 42 competitive matches for the club.