The Sydney-born 23-year-old spent last season on loan with the Latics as they won the League One title, earning promotion to England’s second tier.

The Australia youth international has one year remaining on his Leicester contract and is currently with the Foxes squad in Evian, France, for a pre-season training camp.

Wigan boss Paul Cook, however, remains interested in signing Elder permanently.

“Everything’s a possibility at this time of year,” Cook told the Wigan Post.

“There’s so much that goes into deals these days – transfer fees, wages, agents, expectations – things do take time.

“And while we’re not ruling anybody in, we’re certainly not ruling anybody out.

“For what Callum’s done at this club last year, he would certainly be on the list.”

Elder made 33 appearances in all competitions last season for Wigan and scored in their FA Cup run to the quarter-finals.

The Manly United product moved to England in 2011 as a 16-year-old to join Leicester.

He has previously spent time on loan at Mansfield Town, Peterborough United, Brentford and Barnsley.