A report on page 50 of Tuesday's Sun newspaper claims West Ham could be open to selling Ayew, for whom they paid £20 million 18 months ago, for around half that amount.
The 27-year-old has scored or assisted 16 goals in 44 Hammers appearances, but has only started one of David Moyes' four games as West Ham manager.
And a return to Swansea, where he performed slightly better - 17 direct goal contributions in 35 games - and where his younger brother Jordan now plays, could appeal to the player.
But what do the fans of both clubs think? Well they're fairly split across the board.
Here's what the Swans are saying first...
Apart from his early & end of season form he done nothing much in the middle. No from me #Ayew— EGANSMIND (@egansmind) 5 December 2017
Do we have the ability to sign someone who hasn’t played here before then?— Joshua Ben Hughes (@joshughes221h) 5 December 2017
Why is it a stunning return I would have gone for predictable return. Bloody scouting department must have finished for Xmas.— Kevin James (@thejamos16) 5 December 2017
Why are we being linked with Andre Ayew? We need pace, direct running at opposition defences and a number 10 able to take corners and FKs— Craig Jones (@craigyjones1983) 5 December 2017
I think Andre Ayew would be an excellent addition. Could fill the chasm at #10 and might inspire Jordan to up his level too— Maxwell Hicks (@maxwellhicks) 5 December 2017
Signing Ayew back haha imagine seriously who does the scouting at Swansea. If it ain’t targets from years ago it’s old players.— Daniel John (@Daniel_John08) 5 December 2017
And now for the Hammers...
He can have him back. He's useless.— James Blacknell (@james_blacknell) 5 December 2017
No way— West Hammers (@mywhu0511) 5 December 2017
Definitely no way— John Floris (@JohnFloris41) 5 December 2017
Swansea want Ayew back!— ⚽️⚒TOM'S WHUFC⚒⚽️ (@aldredtj) 5 December 2017
£25 million he’s all yours
If we sell him i wouldn't trust Gold & Sullivan to put the money back in to transfers.— o0 Unfazed 0o (@Enzy_Whufc) 5 December 2017
We would be daft to sell Ayew when he plays he scores & our top scorer if cont all comps this season. https://t.co/OWgjDihs9J— Joshua (@SchroerJr) 5 December 2017
West Ham and Swansea currently sit 19th and 20th in the Premier League, three and four points adrift of safety, respectively, and a move for Ayew would be something of a gamble on both clubs' part.