The Terriers have been monitoring the 23-year-old's progress closely during the first half of the season and are likely to have been impressed by what they have seen, as he has featured in all of Oxford's League One matches to date, scoring three goals in the process.
The youngster, who played 24 times for Huddersfield during last season's promotion campaign, could now be set to earn a recall to West Yorkshire, particularly following the knee injury suffered by Elias Kachunga during Saturday's 4-1 victory at Watford.
Payne admits he is in constant contact with the coaching staff at the John Smith's Stadium and it appears he would be open to making an early return to his parent club.
"I speak to the lads all the time and the first thing I do is check on the results," the former Southend man said. "I check in with Mark Hudson a lot, who's on the staff. I chat to him once a week, after most games actually.
"All of the staff are good, they really want to keep up to date with how I'm doing."