The 23-year-old loanee has been revolutionary for Mick McCarthy's side, and rescued a point for Town at the weekend.
Both Rangers and Hearts are said to be keen on bringing Berra to Ibrox and Tynecastle respectively.
Mick McCarthy is the longest serving manager in the Championship, having been at Ipswich since 2012.
Unless investment is made, it's hard to see how much more McCarthy can do at Portman Road.
The former Nottingham Forest defender came close to a return to a City Ground return last month.
The 31-year-old looked set to return to Nottingham Forest in January but now appears certain to stay at Ipswich Town.
McCarthy's Ipswich Town frustrated Garry Monk's Leeds United at Portman Road.
Leeds United travel to Portman Road to take on Ipswich Town today.
Leeds United have been told to forget about signing Tom Lawrence - by Ipswich manager Mick McCarthy.
Leeds United's Toumani Diagouraga is seemingly set to join Ipswich Town.
McCarthy brings his Ipswich Town side to Hillsborough on Saturday.
There is a full round of fixtures this midweek in the Championship and the manager's of Ipswich Town, Aston Villa and Rotherham United all need a win.
The Tractor Boys boss is the fourth favourite to replace Roberto Di Matteo at Villa Park.