The 20-year-old has featured just three times in all competitions for Chelsea this season.
And his lack of first-team action has led to speculation that a stint away from Stamford Bridge could be on the cards.
“Ruben has great potential and it’s important for him to show it,” Conte said.
“Ruben Loftus-Cheek could leave Chelsea on loan in January”
“Now he is in our squad. This season he’s had a few injuries but now he is free.
“I’ll speak to the club and take the best decision for the player.”
Italian news outlet TuttoMercatoWeb suggested last month that West Ham have initiated talks with their London rivals.
The versatile attacker is one of the club’s most highly-rated young star but has been held back by injuries.
A move to West Ham could be good business for both clubs as Loftus-Cheek looks to realise his potential.
Blues youngster Dominic Solanke is another potential arrival at the London Stadium.
Slaven Bilic is widely expected to bolster his squad in January.
The east Londoners have struggled this season as they adjust to life away from Upton Park.