The Colombia defender continues to be tracked by bigger clubs.
Asked about new contract talks, Lucumi's agent Simone Rondanini told TMW: "Right now, we want to focus on the pitch, both at Bologna and with the national team.
"Doing well is crucial for his future. He and his family are happy in Bologna, but we'll make every decision calmly and at the right time."
With a deal to 2027, Lucumi was the subject of intense interest from Sunderland last summer.