Boss Jim Magilton says that he would be interested to talk to former Blue Hermann Hreidarsson regarding a return to Portman Road.
Hreidarsson is out of favour with Portsmouth at present and was linked with Town, Charlton and West Brom by a national newspaper last week.
Magilton said: "Hermann is a terrific pro and a tremendous character. He was outstanding for us and someone who could help and use his quality around the football club, but first I would need to know he is not thinking of retiring.â€Â
Hreidarsson's agent has told the Icelandic press that his player will leave Pompey in January, but his destination is not yet clear.
With Town understood to be closing in on re-signing Darren Ambrose and Tommy Miller, Richard Wright and Pablo Couñago also at the club, Hreidarsson would find himself amongst plenty of team-mates from his previous spell with the Blues if he was to return.