The 30-year-old defender has fallen out of favour at Manchester City despite making 31 league appearances for Roberto Mancini's side in last season's title-winning campaign.
Matija Nastasic has forced his way ahead of Lescott in the pecking order at the Etihad Stadium and David Moyes revealed he could hand his former charge a route out of City with a fresh shot at first-team football at Everton via a January loan deal.
“If Joleon wanted to come back – if I thought we needed him – I’d be delighted to have him back," Moyes told The Telegraph. "If he was available then I think he’d be someone I would maybe show an interest in.”
Lescott left Everton in 2009 on acrimonious terms; after initially handing in a rejected transfer request the England international was caught in a drawn out transfer saga which eventually ended in a £22 million move to City.
Moyes admits he is still disappointed with how it played out: “When Joleon left, Everton were in a different place to where we are now. So I can understand why he wanted to go, there was a big project going on at Manchester City. It was still disappointing for me.”
Everton travel to the Etihad Stadium on Saturday but Lescott is likely to be denied the chance to line up against his old team-mates, though he is expected to be on the bench.