The 20-year-old has been on the books of Hibernian his entire professional career so far and has a contract until June 2017.
The Scotland Under-21 international was in brilliant form this past season and scored as many as 25 goals. Cummings also helped Hibernian win the Scottish Cup.
The youngster is one of the most promising young forwards in Scotland and has been linked with a move away from Hibernian in the summer transfer window.
Cummings, though, has made it clear that he does not want to leave Hibs, and that he wants to play in the Europa League with the Edinburgh club next season.
“We’re in Europe next season which I would love to be part of,” the youngster told The Scotsman. “I’m contracted to Hibs for another year, so I’ll be ready to go back into Hibs next season.
“I’m not going to think about much, I’m going to go on my holidays and enjoy my time off and whatever happens, happens.”
Cummings is reportedly being monitored by clubs both in Scotland and in England.