Lukaku is in his first campaign at The Hawthorns and scored his sixth goal for the Baggies when heading the winner in the 2-1 home success over Norwich.
Chelsea have the option to recall the 19-year-old during the January transfer window. But Lukaku is keen to remain at West Brom and extend his stay for the 2013/14 campaign to ensure he gains the experience and know-how for when he returns to the Blues.
Lukaku said: "I want to stay here. I've had so many questions in the last few weeks asking `are you staying?'
"I have a lot of contact with Chelsea, but they are asking questions about my development and I tell them I'm very happy to be here.
"I have not spoken to the manager (Rafael Benitez) but I know what is going on. For me, it is one year loan and then hopefully it may be one year again next season.
"I need to play as much as I can in the next two years. For me, it is very important to play week in and week out because, at 19, you want to develop and I hope to be one of the great players in the Premier League.
"That is my ambition but I have to be patient as well. I can learn a lot here, I can improve here.
"Chelsea know this season that I'm improving, and when I go back there, I want to be a much better player than when I arrived there.
"My main ambition is to start in the first 11 in every game at Chelsea. Chelsea know I'm a player that is hungry to play football and they will benefit from that in the future."