The 29-year old is out of contract in the summer and will therefore be able to talk to other clubs from January onwards but the Scandanvian has stated his preferred option is to stay at the Reebok Stadium.
"If I get to choose, I would like to extend with Bolton,"
"Alternatively, I could choose to find another club in England as I will only consider playing in England or Denmark."
Pedersen has been in fine form so far this season with five goals coming in the first nine matches of the campaign.