Dimitar Berbatov will hold talks with Monaco at the end of the season about the possibility of extending his stay with the club.
The Bulgarian striker joined Monaco from Fulham on transfer deadline day in January on an initial loan deal until the summer.
He has played a key role in helping to fill the void left by Radamel Falcao's injury, and boss Claudio Ranieri believes he is keen to stay.
"I don't know if he has become No.1 at Monaco but he is playing, scoring and getting assists," said Ranieri.
"Some show more fighting spirit in challenges but he is working more than before.
"Free agent next summer? He is important to us and I believe he wants to stay but we will talk about that later."
There was criticism when Berbatov arrived that he is now past his best, but the 33-year-old is happy he made the move and is feeling settled at Monaco.
"I am not 20-years-old anymore but I still know how to play football," he told L'Equipe. "People should not judge too quickly.
"When I joined the club I didn't expect anything because I never played there. But my family is fine in Cote d'Azur, people are pleasant with me and helped me to adapt.
"I play with very good players and we are fighting for a Champions League position.
"It was the right choice. If I go on this way, we will sit around a table at the end of the season and we will see."