The Foxes have won the Championship title to earn a place in the Premier League, and with Pearson's deal expiring in the summer, Srivaddhanaprabha has admitted that he is eager to keep the 50-year-old at the club.
Srivaddhanaprabha told BBC East Midlands Today: "Contract negotiations are ongoing. There will be more information soon.
"I prefer him to stay. He did a good job and is a good manager."
Leicester will achieve 100 points if they secure at least a draw in their final fixture of the season against Doncaster Rovers on Saturday.