Wylde left cash-strapped Rangers earlier this week and is available on a free transfer.
“Gregg Wylde is a player, as you know, we had an interest in back in August,” Coyle told Sky Sports News.
“He is a talented, young player who probably has been caught up in the turmoil at Glasgow Rangers in terms of his performances have been maybe a little up and down, whereas last season when I saw him there was no doubt he was on top of his form.
“At this moment in time as we sit here I have not spoken to anybody regarding Gregg, whether it be his representatives or anybody else, so that’s where we are at the moment.
“Whether that changes, who knows? So I think time will tell on that one.”