The Australian left-back is currently on loan at Wigan, and he played a pivotal role in guiding the Lactics to promotion back to the Championship and the quarter-finals of the FA Cup.
"It's hard to say where I'll be next season," Elder told Wigan Live.
"I've obviously got one more year on my deal at Leicester, and we'll see what happens there.
"All I can say is I've enjoyed my time here so much, it's been an amazing 12 months and I'll never forget it."
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