The 22-year-old, who joined the club from Deportivo Cali in 2010, is regarded as one of the brightest prospects in Serie A.
However, despite revealing that he will discuss his future with his agent, the Colombian has suggested that he would be keen to remain at Udinese.
"I would have no problem in continuing my career here. I like the city, it's calm and I would be happy to stay. Some of those who have left Udinese at an early age have then struggled to get regular games, that's why I'd like another season here," he told Planeta Futbol.
"I've heard the rumours about a transfer, but I'm calm. My agent will arrive in Udine on Sunday and we'll see what he says and what are the real options.
"For now I'm thinking about ending this season well, then I just hope that we take the best decision for my future."
AC Milan are understood to lead the race.