In most recent years, Siamese trackers have drawn great attention because of their well-balanced accuracy and efficiency. Although these approaches have achieved great success, the discriminative power of the conventional Siamese trackers is still limited by the insufficient template-candidate representation. Most of the existing approaches take non-aligned features to learn a similarity function for template-candidate matching, while the target object’s geometrical transformation is seldom explored. To address this problem, we propose a novel Siamese tracking framework, which enables to dynamically transform the template-candidate features to a more discriminative viewpoint for similarity matching. Specifically, we reformulate the template-candidate matching problem of the conventional Siamese tracker from the perspective of Lucas-Kanade (LK) image alignment approach. A Lucas-Kanade network (LKNet) is proposed and incorporated to the Siamese architecture to learn aligned feature representations in data-driven trainable manner, which is able to enhance the model adaptability in challenging scenarios. Within this framework, we propose two Siamese trackers named LK-Siam and LK-SiamRPN to validate the effectiveness. Extensive experiments conducted on the prevalent datasets show that the proposed method is more competitive over a number of state-of-the-art methods.