Matthews claimed that his TV quest for a lover wouldn't automatically rule him out of the fourth run and insisted that he was in talks with producers about returning.
When asked if he had left Made In Chelsea, Spencer told Digital Spy: "No, I haven't as far as I'm aware.
"The two shows don't conflict and there will be a season four of Made In Chelsea. Discussions are taking place right now and at no point have I left the show.
"I love the show and if I'm allowed to proceed, I'd want to take part again. It's just something we're talking about at the moment."
When TOWIE cast members Amy Childs and Kirk Norcross have done other programmes such as Celebrity Big Brother, they have departed the constructed reality series.
TOWIE producer Lime Pictures has stated in the past that it wouldn't want the stars back on the show after they had appeared elsewhere, because their new fame would interfere with the naturalistic format of the show.
Matthews's Made In Chelsea co-star Hugo Taylor confirmed earlier this week that he would not be returning for the fourth series. Meanwhile, Professor Green recently ruled out a full-time role on the E4 show, following a brief cameo with his girlfriend Millie Mackintosh earlier this year.
The Bachelor starts on Friday (June 29) at 10pm on Channel 5.