The 23-year-old has scored 20 goals already this season and his current deal runs out in the summer of 2014.
Dyche, who is still settling down after a frantic first few weeks in charge at Turf Moor, will also assess the likes of Lee Grant, Michael Duff, Chris McCann, Ross Wallace, Dean Marney, Martin Paterson, Brian Jensen and Kevin Long who are all out of contract at the end of the season.
"I will be looking at Charlie's contract situation, but I'll be doing that with all the players, not just Charlie," he told the Clitheroe Advertiser.
"It's a double-edged sword. You want to be at a club where people want your players. People want Manchester United players because they're market leaders, and we want to be considered like that, people wanting your players.
"That usually means your players are doing well, and you're doing well. But on the flipside, you don't want to lose your players, but it's the reality of the business."
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