Dewsbury-Hall has been instrumental as Luton secured a mid-table finish in the Championship, having narrowly avoided relegation last season.
“I don't know, that's a Leicester decision," Jones told Luton Today.
“Planning has already started for next year, if there's any way possible that we can get him back in whatever way shape or form, then we will do that.
“I'm sure that we're high on his priorities list, so if that's something that can happen, we're in as good a place as any.
“But when we take loans, when we take talented players, they usually develop at such a rate that it's very difficult to see them again, and that's a credit to our environment."
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