West Ham United and QPR are keen to sign Scotland Under-21 left-back Hendrie in a £2million deal.
Hamilton chairman Les Gray: "West Ham have been watching Stephen for some time, as have several major clubs including QPR. That's the level we are discussing.
"There is nothing concrete at this stage, but that will all kick off now I am sure.
"He is under contract, under 23, has played over 100 games and is part of the Scotland U19 set-up.
"So if somebody was to come in with the right offer we would not stand in the boy's way. We promote our kids and encourage them to move to the next level."