James, 29, in his second loan spell at the club, has made another impressive impact after joining from Leicester City in the autumn.
His loan is due to expire next month, with discussions likely to commence about him staying at the club shortly when there is a break in the club’s hectic schedule.
On the prospects of him remaining at the club, James, who has made 11 appearances for the club, said: “There is a possibility, for sure. Not much has been mentioned at this moment in time, but I purely think it is because of the amount of games that have been going on.
“Hopefully, the conversations will start in the coming days or weeks or however long we have got left.
“The focus is on tomorrow’s game first and then we have got a week between the next game, which has not happened for a period of time.
“We will see what happens in that period. For me, it has been a big step forward in my career from where I was and that belief was given to me by Banrsley and I am trying to repay that as much as I possible can on the field and then hopefully I can go that for the next few games and then it could be something we do in January and can start to progress in the coming days.
“I am really enjoying it and for me to be involved in a team which is winning games and moving forward in the league, I am over the moon.”
Meanwhile, head coach Valerian Ismael - whose side have won an outstanding eight out of 12 matches under his watch thus far - has offered a downbeat tone regarding the fitness of Jordan Williams, with the club awaiting news on a scan.
Ismael, whose side visit Swansea City on Saturday, said: “It is very disappointing for the moment. We are waiting for the results of a scan as he has little pain behind the knee and in the hamstring and I hope we receive good news that he can make the next step next week on the training ground.
“But for the moment, it is not the best situation.”
Key midfielder Callum Styles misses tomorrow's game in Wales due to suspension.