The 2013/14 campaign proved to be a productive one for the 22-year-old, as he enjoyed domestic and international success.
A regular presence on the right of Fleetwood's back four, McLaughlin tasted play-off final joy as Burton Albion were edged out at Wembley.
His efforts in securing a step up to the third tier were then rewarded by Northern Ireland coach Michael O'Neill with a second senior cap in Friday's 1-0 defeat to Uruguay.
Fleetwood are understandably keen to ensure that McLaughlin goes on to receive further recognition while still on their books, but must agree fresh terms if he is to do so.
McLaughlin's current contract has come to an end, meaning he is about to drop into the free agent pool and open the door to offers from elsewhere.
Bristol City are contemplating an approach as they attempt to piece together a promotion-winning side, while Blackpool are looking for additions to help them cement their standing in the Championship.