The Frenchman said this week he had been banished to Chelsea’s reserves.
“Florent Malouda was discussed, but it was thought that it was very difficult economically,” said Lyon chief Aulas.
“However, he is one of our friends and if he wishes to play for Lyon again, he would obviously be welcome.
“Provided though that he fits into the game plan of the coach and the economics of the business of a modest provincial club.”
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.