The 23-year-old is due to fall out of contract next summer and reports have suggested he could run it down and move to England, with Stoke known to be keen.
The Bosnian international has admitted that his style of play could suit English football, but for now he is just focused on finishing the season in the Bundesliga.
“There is nothing new to report. My agent and the club are in contact,” Kolasinac told Bild. “To be honest. I have not thought about it. It has no priority for me. Currently I am a Schalke player, and want to continue to play a good season.
“Many say my style of play would fit well in England. But if I move abroad, not only the club changes, but you leave your environment, need to build something new. It’s a difficult step which has to be well-considered. The gut feeling decides, and I also need to talk to my family.”
Schalke officials are confident he will sign a new deal but until he does, rumours will continue to link him with a move to England, with Chelsea and Liverpool also said to be keen.