Coach Jason Garrett said this week that the team is "absolutely" open to re-signing the wide receiver, who was released by the team in March.
"We love Miles Austin, we really do," Garrett said, according to the Cowboys' official website. "Obviously, drafting Devin Street (Saturday), we addressed the receiver position a little bit. But Miles has been a really good player for us."
The Cowboys took Street off the board with the 146th overall pick, so he can hardly be considered a can't-miss prospect. The question is whether Austin is still worth any kind of investment after years of leg injuries sapped his playing time and production. Austin's bloated salary also played a role in his departure.
"The economics of his situation really factored into the decision we made with him, coupled with his injuries," Garrett said. "We'll look at the landscape when we get done. Miles is a guy that we have great respect for as a person and as a player."
We haven't heard Austin connected to any team since he hit the street, meaning the Cowboys could bring the 29-year-old back at an extremely team-friendly rate. This is a reunion that would make some sense.