The 20 year old former Grimsby Town, Millwall loanee who ended the season winning promotion at Wembley with Scunthorpe United has also been offered a chance to stay at Glanford Park should he not wish to stay at Town.
Speaking of the offer of a new contract to Trotter, Town boss Roy Keane told ITFC.co.uk: "I've had a chat with Liam and we've offered him a new contract. I've told him that I'd like to keep him at the club."
The 6ft 2 midfielder has been involved in 14 games for Town since coming through the youth ranks at Portman Road.
Click here for a full player profile on Liam Trotter with full player stats.