Mark Hughes has confirmed Tugay is the latest Blackburn Rovers player who can expect contract talks.
Rovers are looking to secure the futures of several players, with David Bentley, Benni McCarthy and Morten Gamst Pedersen all in line for new deals.
Earlier this month, Brad Friedel agreed an extension with the club and fellow veteran Tugay also appears poised to stay at Ewood Park.
Blackburn boss Hughes outlined his intention to open talks with the Turk before the end of the season.
Hughes said in The Sun: "It is something we will discuss over the next few weeks."
Tugay joined Rovers from Rangers in the summer of 2001 and has made over 250 appearances for the club.
He has featured 23 times this season and, despite turning 38 later this year, appears likely to be given a new 12-month deal.