Rangers boss Harry Redknapp is interested in adding Hoddle to his support staff and the former Chelsea, Tottenham, Southampton and Wolves boss is considering whether to accept the offer.
The possibility of returning to the Premier League appeals to Hoddle - considered last December as successor to Andre Villas-Boas at Tottenham only for Tim Sherwood to be appointed instead - as a route to returning to the game.
However, Hoddle also has to manage his television commitments.
A source close to Hoddle told Press Association Sport: "It's 50-50 as to whether he'll come back with QPR
He's thinking about it.
"If he does come back it's very likely it would be on a part-time basis."
Redknapp has been looking to add to his coaching staff since Steve McClaren, another former England boss, left to become boss of Derby last season.
Source : PA
Source: PA