The 32-year-old is currently on loan with the Championship side.
The Denmark international only joined the Baggies last summer but only made one appearance for Tony Pulis' side before he left to join the Championship outfit until the end of the season.
And the 32-year-old confirmed that it is unlikely that he will be returning to the Hawthorns once his loan deal comes to an end.
"I don't see myself back at West Brom, I don't think West Brom see themselves having me back," he told Sky Sports.
"I can't see why it should end up being like that - that would be because we have a contract that we have to respect.
"But they've been good to me since Ben Foster got fit. They've been positive in this whole process about what's going to happen next season, whether it's here or some place else. I can't see myself going back there."
With the former Manchester United stopper impressing since moving to Deepdale, a permanent switch to Simon Grayson's side appears to be the most likely option for Lindegaard currently. And the goalkeeper did little to play down talk of the idea that he would be happy to agree a longer-term deal with the Lilywhites.
"It's definitely a possibility. We have a dialogue about it and we are getting closer and closer to each other. It's a big possibility," he added.
Although the Dane had not enjoyed regular first-team since his move to England six years ago until he moved to Preston, the form he has shown since dropping down to the second tier would arguably make him a good option for the club if they wanted to sign a keeper permanently after having several on loan in recent times.