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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Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
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