A former West Ham academy gradutate, Welsh international Collison made 121 appearances for the Hammers between 2007 and 2014, although his latter spells were ruined by a number of long-term injuries.
During the last campaign, he spent spells on loan with Championship sides Bournemouth and Wigan, and, after being released by the Hammers at the end of the season, he joined Ipswich on a short-term deal, being released in December 2014 having not made a single appearance.
He has since spent time out of the game, and has reportedly refused playing offers, so as to guarantee that he is completely over his existing injuries, and the midfielder has admitted that he is now ready to return to competitive action, and will be assessing career options at the end of the campaign.
“I've decided to take a bit of time out to make sure I've recovered from injuries,” the 26-year-old said. “I'm going to wait until pre-season and try and get back into it at the start of next year.”
It is the same BBC report which references interest from Peterborough and MK Dons, as Collison wants to stay in his local area, and, with a wealth of Premier League experience behind him, there is no doubt that the midfielder would be a great signing for either club.