The Croatia international has spent the last seven years in Germany with Hamburg, Bayern Munich and Wolfsburg.
He has been a regular source of goals throughout his time in the Bundesliga and is showing no sign of slowing down at the age of 34.
Olic will have the option to remain with his current employers at the end of the season, with there an extension clause in his contract, but concedes that he may decide to take on a new challenge.
Stoke City are reported to have expressed an interest in taking him to England, and the experienced frontman concedes that he would find it difficult to turn down such an opportunity if an official approach is made.
Olic told WAZ: "I can prolong in Wolfsburg for one more year, and would also have an option for another year.
"What the club has offered me is okay, I am satisfied with that, but I don't know if I will stay.
"As a young player my dream was to play in the Premier League. The option never really came up after that.
"Now, at this age, I may have that chance. To play against Arsenal, Chelsea or Liverpool one more time, that excites me."