The former Manchester United manager, who was hosting a meeting of coaches in Nyon, says that there were promising discussions about a change to discipline in football
In sports including rugby league, rugby union and ice hockey, players are ordered to spend time off the field for offences that are not deemed serious enough to warrant them being dismissed for the entirety of the match.
Ferguson, now a Uefa coaching ambassador who is hosting its annual coaches' meeting in Nyon, is keen to stamp out simulation, which he described as a "disease" in football.
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"From Uefa's point of view, it's something that they're looking at. It has some merits - in particular simulation by a player, which has become a disease within the game."
Ferguson also offered his view on the extravagant spending from English clubs in the recently completed transfer window. Premier League sides splashed the cash, investing more than £800 million on signing players, with the Red Devils the highest-spending club in Europe.
In a bid to return to former glories, United spent over £150m on bringing in Angel Di Maria, Ander Herrera, Luke Shaw, Marcos Rojo, Daley Blind and Radamel Falcao.
Ferguson was a vocal critic of Manchester City's spending sprees in the past but declined to criticise his former club.
"My own personal opinion is that it's never going to change," he added. "The world's progressing all the time, with transfer fees keeping up with it.
"I don't know if there's an end to it - fortunately I'm not in the hub of that now - but it's an amazing number, the amount spent now."