Cabaye played for Newcastle from 2011 to 2014 and is popular among the club’s fans.
Former Newcastle and Rangers defender Bernard believes that the 29-year-old could be convinced to return to St. James’ Park.
“Yohan Cabaye would come back if the team was right and we had the ambition to win things and challenge rather than the business ambition we have at the moment. I think he would come back to Newcastle United, without a shadow of a doubt,” the Frenchman told The Chronicle.
“So far though he would probably look at it and not be quite so sure. I can guarantee he won’t be the first signing, he would want to see what’s coming.
“He needs to make sure that he goes to the right club, not one that is losing every week, because he wants to be involved for France at Euro 2016.”
Newcastle will face strong competition for Cabaye, though, as there are as many as three Premier League clubs interested in his services.
Cabaye would be a good signing for any club if he does opt to return to the Premier League.
The Frenchman has been on the books of French giants Paris Saint-Germain since January 2014, when he moved from Newcastle.
The 29-year-old established himself as one of the better central midfielders in England during his time at the Magpies, but he has struggled to play regularly for PSG since his move to the Ligue 1 outfit.
Cabaye knows the Premier League inside out and would not need any time to settle in, although his age (29) could be a factor.