Schalke director of football Horst Heldt would be willing to prolong Ibrahim Afellay's stay at the Bundesliga club.
Afellay, 26, joined Schalke from Barcelona on a season-long loan in the summer and he has made an impression at Veltins-Arena.
The Netherlands international has two league goals to his name, the second of which came in Schalke's 2-1 win over Borussia Dortmund last weekend.
Afellay was also on target against Arsenal in the Champions League on Wednesday, and Heldt has voiced his praise for the midfielder.
"We could buy him for €100 million right now," Heldt joked. "Realistically, our only chance right now is that Afellay says he does not want to return to Barcelona. If he could imagine staying here, certainly we could, too."
Afellay's Dutch compatriot, Klaas-Jan Huntelaar, believes the former PSV player has settled in well at Schalke.
"He gets the chance to play here," Klaas-Jan Huntelaar told WAZ . "It would not have been too easy at Barcelona."
"I don't know about his plans, but I do know that he also loves it here."
Speaking after the 2-0 win over Arsenal, Afellay reflected on his side's display. He said: "It is great fun playing in this team.
"It is always great to score in the Champions League. We beat Arsenal 2-0. That's a great feeling."