Swallows look set to return to the topflight amid reports the club has struck a deal to buy Free State Stars' Absa Premiership status.
Igesund has been linked with a return to the the Dube Birds, who he guided to a PSL runners-up finish in 2011/12.
The 59-year-old, however, insists he is still assessing his options since being sacked by SuperSport United in January.
"Well, to be honest with you, I do have a soft spot for Swallows as they are a very attractive team," Igesund tells snl24.com/kickoff.
"I'm very glad for Swallows as they are a team that belongs in the PSL. However, for now I'm still weighing up my options with my business manager (Mike Makaab). There are a few options for me with two countries in Africa that we are still in talks with them. But like I said I was never someone that rushed into things and that won't change now."
Igesund would not confirm or deny whether Swallows had asked him to take over at the third-tier outfit.
"Unfortunately I cannot divulge this information but like I said I don't want to rush into things. Soccer is a strange game and one never knows, so let's see how things go."