IBC recently introduced an optional memo field into the ICS20 FungibleTokenTransfer packet data (docs).
To support this in cosmwasm, it would need to be added to IBCMsg::Transfer as an Option<String> and to the matching encoder in wasmd.
The code changes to add this are relatively simple; the complexity is in coordinating the release on wasmd and cosmwasm-std and making this works well across the different versions.