Allardyce's future has been the subject of speculation.
The Hammers boss has been the subject of some speculation in recent weeks given that his current deal runs out at the end of the season.
During his time at the club, Allardyce led the side to promotion via the play-offs from the Championship in 2012 and consolidated their position in the top flight, including a promising start to the season in the Premier League this term leaving them on course for a finish in the top half.
In an interview with TalkSport, Allardyce said: “The owners are no different now to what they have been for my entire time here, [they’re] waiting until around or at the end of the season [to talk about my contract].
“Last time, when we first got back into the Premier League, we finished tenth and it was sorted out at the end of the season. It will be the same for this contract.”
Allardyce is hoping that West Ham can do enough to can get into Europe this season, starting with this weekend's game against Crystal Palace at the Boleyn Ground.
The side has acquitted themselves well in their last three outings against Manchester United, Southampton and Tottenham, but they let vital leads slip against United and Spurs which could prove costly when it comes to achieving the target Allardyce has set for his side.
He added: “It would be very nice if we could achieve [European football] but progression is what it’s about."