Sheringham scored his 19th goal of the season on his 39th birthday against Wigan on Saturday and looks set to be rewarded for his sparkling form this season.
Alan Pardew told the official website “Teddy is a major asset for us, and we have him within our grasp for next season.
“But we cannot afford to worry about that now. There's still plenty to do this season.
”There's a vital game at Burnley on Tuesday night, and that's what we're all concentrating on right now.
”But Teddy is certainly doing himself no harm with performances like the one at Wigan.”