Martin Keown thinks the Chelsea ace would welcome a return but his old boss wouldn't sanction the move despite being tempted.
Ashley 'Cashley' Cole is not well liked at the Emirates, after forcing a move to Chelsea in 2006.
It shouldn't have been like that; a former academy prospect and star of the Invincibles side, Cole was expected to be a Gunner for life, only to join their rivals following a row over money.
Nearly eight seasons on from that point, Cole may feel his decision was justified - the Gunners have not lifted silverware in his absence, while he has racked up several medals including the Champions League.
His career is approaching a crossroads, in and out of the Chelsea side and often dropped for the big games, with his contract expiring at the end of the season and World Cup place in doubt.
The Mail claimed earlier this week Cole could be open to a shock return to Arsenal, speculating on how the left-back - who joined up with the Gunners for their Christmas party at the end of last year.
Now a former teammate of Cole's has speculated that the Chelsea star would 'love' a return to Arsenal if it was presented to him.
Martin Keown, writing in his column for The Mail, was answering a query in his Q&A column, but admits he thinks it is doubtful a move would be sanctioned by the Arsenal manager:
"I can't see it, no. I'm sure Ashley would love to go back and a part of Wenger would like to take him back.
"He wouldn't want to block the paths of the two left backs fighting for the place, Nacho Monreal and Kieran Gibbs."
Options for Cole at the top level could be limited in the Premier League if he departs Chelsea as expected; with Southampton's Luke Shaw tipped as a replacement.
He was a month ago linked with re-joining former teammate Thierry Henry at New York Red Bulls. This less contentious route may be one he decides is in his best interests.
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