The 24-year-old's current deal at Portman Road is due to expire at the end of the season.
However, having recently recovered from a knee injury that kept him sidelined for 11 months, the Tractor Boys are now prepared to extend the midfielder's terms, according to HITC Sport.
Hyam, who spent part of the ongoing season on loan with Rotherham United, has featured seven times for Ipswich this term.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Ipswich TownIpswich | 43 | 26 | 11 | 6 | 85 | 53 | 32 | 89 |
| 2 | Leicester CityLeicester | 42 | 28 | 4 | 10 | 79 | 38 | 41 | 88 |
| 3 | Leeds UnitedLeeds | 43 | 26 | 9 | 8 | 76 | 34 | 42 | 87 |
| 4 | Southampton | 42 | 25 | 9 | 8 | 84 | 54 | 30 | 84 |
| 5 | West Bromwich AlbionWest Brom | 43 | 20 | 12 | 11 | 66 | 42 | 24 | 72 |
| 6 | Norwich CityNorwich | 43 | 21 | 8 | 14 | 76 | 60 | 16 | 71 |
| 7 | Hull City | 42 | 18 | 11 | 13 | 62 | 54 | 8 | 65 |
| 8 | Coventry CityCoventry | 42 | 17 | 12 | 13 | 66 | 52 | 14 | 63 |
| 9 | Middlesbrough | 43 | 18 | 9 | 16 | 61 | 56 | 5 | 63 |
| 10 | Preston North EndPreston | 43 | 18 | 9 | 16 | 56 | 60 | -4 | 63 |
| 11 | Cardiff CityCardiff | 43 | 18 | 5 | 20 | 48 | 60 | -12 | 59 |
| 12 | Bristol City | 43 | 16 | 10 | 17 | 50 | 46 | 4 | 58 |
| 13 | Sunderland | 43 | 16 | 8 | 19 | 52 | 50 | 2 | 56 |
| 14 | Swansea CitySwansea | 43 | 14 | 11 | 18 | 53 | 62 | -9 | 53 |
| 15 | Watford | 43 | 12 | 16 | 15 | 59 | 58 | 1 | 52 |
| 16 | Millwall | 43 | 13 | 11 | 19 | 42 | 55 | -13 | 50 |
| 17 | Blackburn RoversBlackburn | 43 | 13 | 10 | 20 | 57 | 71 | -14 | 49 |
| 18 | Plymouth ArgylePlymouth | 43 | 12 | 12 | 19 | 58 | 66 | -8 | 48 |
| 19 | Queens Park RangersQPR | 43 | 12 | 11 | 20 | 40 | 57 | -17 | 47 |
| 20 | Stoke CityStoke | 43 | 12 | 11 | 20 | 41 | 60 | -19 | 47 |
| 21 | Birmingham CityBirmingham | 43 | 12 | 9 | 22 | 48 | 64 | -16 | 45 |
| 22 | Huddersfield TownHuddersfield | 43 | 9 | 17 | 17 | 47 | 70 | -23 | 44 |
| 23 | Sheffield WednesdaySheff Weds | 43 | 12 | 8 | 23 | 36 | 67 | -31 | 44 |
| R | Rotherham UnitedRotherham | 43 | 4 | 11 | 28 | 32 | 85 | -53 | 23 |
| > Championship Full Table | |||||||||
