Igor Tudor took the job on an interim basis following the dismissal of Thomas Frank but has lost all three of his games in charge.
Tottenham are now in very real danger of being relegated from the Premier League, sitting in 16th, just one point above the bottom three.
Speaking on Could It Be Magic, the FA Cup podcast, Hoddle was asked whether a return to management would appeal.
“I think it would actually," he responded. “Particularly with Tottenham, as that's my club.
“I've supported them since I was eight years of age. So they were a massive part of my life.
“I managed them probably at the wrong time, I've got to say,” he added. “Let's put it that way.
“Politically and financially, there wasn't money there. Certainly, it wasn't what they told me I was going into.”