Bialkowski signed with the Tractor Boys in 2014 and has since gone on to play 45 times for the club in all competitions.
However, he has spent much of the current campaign out of the side, making just three appearances in English football's second tier before an injury to Dean Gerken opened up the door for a return to the starting lineup.
It remains to be seen whether Gerken will resume first-team duties when he recovers from the shoulder problem that is currently keeping him on the sidelines, but Bialkowski has suggested that it will not influence a decision on his future.
Reports have suggested that clubs in China could target the 28-year-old, but he has revealed that he is close to signing a new deal with Mick McCarthy's men.
Bialkowski said: "I’m really close to signing a new contract here and I’m very happy about that. It’s a great place to be and I’m looking forward to staying here for a longer period.
“I’ve had phone calls asking if I would be interested in something else but I’m not. I’ve not looked at anything else but staying here.”