In January, Wolves allowed the youngster to move to Fratton Park until the end of the campaign, and the 20-year-old has gone on to make five starts and five substitute outings for Pompey in League One.
Ronan will return to Molineux in the summer, but Jackett has admitted that he is likely to contact his former club regarding a second spell for the playmaker.
The 56-year-old told the Portsmouth News: "He's a player we're obviously interested in. It's not something we've discussed but for Wolves they aren't going to necessarily commit to it. Generally, they get all of their players back in pre-season and assess their options then.
"He's been looking for the break to get into first-team football. He was slightly frustrated, if pleased to be at a club going in the right direction in Wolves. You want to be there or thereabouts with the first team and, as a young player, make a mark.
"He's happy and pleased for us taking the chance on him with limited league experience. For him, Wolves are in the driving seat but I'm sure he'll be open to it. They'll be happy he's with us and played the games. He's either started or come on as a sub in the majority of games."
Before moving to the south coast outfit, Ronan had made just one start and six substitute appearances under Wolves head coach Nuno Espirito Santo.