''If I was in City's shoes, with all that kind of money, then I would have a go at that,'' he said. ''I think it's sensible. He has experience and is the England captain. For some reason they must have known that he was interested.
''I am sure there have been plenty of phone calls going on.''
Whether City eventually sign Terry or not, Ferguson is as intrigued as everyone else in football to see how the Abu Dhabi bankrolled project works out.
''It won't be easy for them to win anything, even with all the players they have bought,'' said Ferguson, moving onto the whole City project.
''They have bought a lot of high profile players but they have 10 strikers. That is a hell of a lot.
''I have not spoken to all the managers but the one or two I have are saying ''Who are they going to leave out?''.
''How do you tell players they are not even going to be travelling to London? How does he pick a team? We are all interested.''