MELBOURNE, AUSTRALIA - MARCH 26: Mick Malthouse, coach of the Magpies, looks on before the round one AFL match between the Collingwood Magpies and the Port Adelaide Power at Etihad Stadium on March 26, 2011 in Melbourne, Australia. (Photo by Ryan Pierse/Getty Images)

Triple premiership coach Mick Malthouse has sensationally revealed he would be open to a return to coaching.

The 65-year old is regarded as one of the best coaches of all time, leading West Coast to two premierships in 1992 and 1994 and Collingwood in 2010.

Malthouse was sacked by Carlton early in the 2015 season and has not been involved at a footy club since, but admitted the coaching was “in his DNA”.

Speaking on the ABC Grandstand, Malthouse admitted he still watches the game through a coaching lens.

“Once you get sacked from a side and you see the effect on your family — but the family, all of a sudden, are starting to say ‘gear up’,” he said.

“I hadn’t really thought much about it … I’d looked at the three teams there and you think — you know, it’s a hard gig, but … we sit here in a commentary box and you think ‘can you add value to a club?’ And that’s all I ask.”

Asked if he would be open to a conversation with one of the three clubs with a vacant position, Malthouse said: “Yeah, I think I would, after what I know I’m missing and it’s in your DNA”.

“But I’m a realist — and I’m only saying yes now because I know it won’t happen and it’s easy.

“Of course (I’m interested), but that’s on the back now of 18 months of saying ‘no’ and now 18 months of saying ‘you know what, it’s in your DNA’.

“I’m the worst in the world at sitting and watching TV of a game, because I’m coaching. I’m here, I feel like I’m coaching and you say ‘well you could do a lot worse than sitting here in a commentary box and take that (coaching) pressure again’.”

Malthouse was inducted into the AFL Hall of Fame earlier this year.