The 31-year-old attempted to force a move to QPR on January's transfer deadline day by driving to London but the Baggies refused to sanction the transfer.
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Clarke told the press: "His situation is something we will have to consider at the end of the season. It's a decision for us all to sit down at the end of the season and make. We need to decide what is the best way forward for the football club."
The former Nigeria international has scored five goals in 13 starts this season but has not started a league game since January, although the Baggies boss admits that he may be forced to use him in the remaining three games of the season.
"I've not got any cards we can pull out the hat," Clarke added. "The squad is what I've got and we have to work with that squad.
"Yes he can play here again because we've got Manchester United here on the last home game. My squad is small and, if I pick up injuries again before the end of the season, then of course he can play."