The Irish superstar hasn’t fought in the UFC since breaking his leg at UFC 264 against Dustin Poirier in July 2021.
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McGregor is celebrating 10 years as a UFC fighter in 2023 but it’s been nearly two years since he last fought and over three years since his last victory.
This current absence from the octagon is the Irishman’s second longest period with an MMA bout.
Speaking in a Matchroom Boxing interview with Ariel Helwani, McGregor opened the door to take part in bare-knuckle boxing.
He said: “Yes, I would do it and I would be happy to do it, boxing can be a snoozefest, MMA can be a snoozefest.
“There’s no chance of a boring fight in bare knuckle, because even if it it just a back and forth jab match, even a jab splits the skin.
“So from the skin split causes panic in the ring, and the crowd rises, and there’s zero chance of a boring fight.
“So it’s interesting, I’d be up for it, for sure, why not.?”
The 34-year-old is no stranger to crossing over into other disciplines having taken on Floyd Mayweather in a boxing match dubbed the money fight and the biggest fight in combat sports history back in August 2017.
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The UFC star is currently a coach on The Ultimate Fighter season 31, which started earlier this month.
He is set to finally make his return to the Octagon when he takes on American Michael Chandler at Welterweight.
No date has been set but the fight is expected to take place in December 2023.
A win for McGregor would set him on the path to dethrone Brit Leon Edwards and become the first ever three weight World Champion in the UFC.