St Kilda's president Andrew Bassat has said he'd consider playing games in Tasmania should the club be approached by the state government.
Bassat told The Age that "if there were a secondary market opportunity in Tasmania, we'd be crazy not to take it".
"There's definitely some history with St Kilda and Tasmania," he said.
"My personal view is that we made a mistake in questioning that opportunity all those years back. Hawthorn and North Melbourne were smarter than we were in taking it up.
"So if somebody knocked down our door and said, 'hey, this is an opportunity. Hawthorn and North Melbourne don't want to get involved in something similar,' of course we'd have to consider it."
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While both Bassat and Premier Peter Gutwein have yet to disclose whether any talks have occurred, the latter said in February that clubs had made inquiries about playing in the state.
The Saints played home games at UTAS Stadium (formerly York Park) between 2003 and 2006.
Both North Melbourne and Hawthorn's contracts with the state are set to end this year, which has furthered talks between Gutwein and AFL chief executive Gillon McLachlan about a Tasmanian team.