The 20-year-old striker recently returned to the club from a loan spell at Wycombe Wanderers.
Sellars, 20, originally joined Villa from non-league club Lincoln City in 2012 and has established himself as a regular fixture in the Under-21 side over the last two seasons, netting seven goals in 17 games for Kevin MacDonald’s outfit this term.
The promising forward offered a glimpse of his potential during preseason when he came off the bench to score in a 2-0 win at Swindon Town, but he has still not earned his senior debut for the club despite their recent scoring struggles.
Nevertheless, the pacey front man was loaned out to Wycombe Wanderers in late March in order to get some first-team experience and went on to make five starts in eight appearances for the League Two side over the rest of the campaign.
He did not manage to find the back of the net during his time at Adams Park but did earn praise from boss Gareth Ainsworth for his performances and was even named man of the match in last month’s 2-1 loss to AFC Wimbledon.
“We had a little spark in Jerell Sellars today,” Ainsworth told the Bucks Free Press following the Wimbledon game. “I thought he had a great full debut, some good touches, and he was a pain in the side of Wimbledon’s defenders.
“I think Jerell probably epitomises the freedom above all others and he seemed to have nothing on his shoulders.”
Despite impressing in his first taste of senior football, though, Sellars’ Villa future has been up in the air ahead of his current contract expiring this summer.
The Birmingham Mail claimed last month that he was a candidate to be let go during the end-of-season clear-out, but their latest report suggests that the club have now changed their tune and are preparing to offer the Lincoln native fresh terms.
He is not the only youngster who will reportedly be offered a new deal either, as Rory Hale, Riccardo Calder and recent first-team newcomer Kevin Toner are also expected to be given extensions as Villa prepare for life in the Championship.
Benjamin Siegrist, Janoi Donacien and Joshua Webb look set to follow Lewis Kinsella and Charlie Bannister out the exit door, however, while Ben Swift could also be cut loose just 18 months after being signed from non-league side Maidstone United.