The company's creative helmer for a decade, from 1994 to 2004, Ford defined an era for Gucci, creating the brand that we know today. Taking a leading role within Kering, then called the Gucci Group, Ford also took creative charge at Yves Saint Laurent during his time with the conglomerate - and could do little wrong creatively or commercially during that time.
So how much of this speculation is wishful thinking on the part of fashion watchers - and what might stand in the way of such a return? Well the short answer is, much of it and a lot of things. Firstly, Ford's hugely successful eponymous brand, said to be worth nearly a billion pounds, would likely not be compatible with the rigours of running Gucci. Secondly, Ford has been very vocal about the emotional and physical toll that the job took on him, as well as how pleased he was to have extricated himself from the label and taken control of a company the direction of which he governed autonomously. Thirdly, since leaving Gucci, Ford has admittedly switched the focus of his own life from business to family - marrying long term partner Richard Buckley and welcoming a son, Alexander, who is still just two and presumably very much in need of his dad. Add to that the fact that a Ford insider, rather amused at the suggestion, asserted this morning that there was "no truth" to the rumours.
Thanks to Galliano, 2015 is already the year of the fashion comeback, but a Ford for Gucci return really would make all our sartorial dreams come true.