The Hitman, 34, will return from retirement to fight Vyacheslav Senchenko on November 24 and Khan admits he will be watching keenly from his new US training camp.
The former WBA and IBF light-welterweight champion knows a fight against Hatton would be a massive box office draw but first he is determined to regain a world title.
Khan next faces Carlos Molina on 15 December which he hopes will give him a second shot at Danny Garcia, who dethroned the Bolton fighter when they met in Las Vegas in July.
“The Ricky fight is one people keep talking about. I feel it can happen,” Khan told the Daily Record.
“I would rather do it if he was a world champion. It would be huge. We are good friends. Let’s see how he does in his next fight. I want him to be on a good winning streak and I need to be on one as well.
“I have to make sure I don’t make any mistakes again. I will fight for a world title next year and will be world champion again. I want to get another crack at Danny Garcia. If I get that then I will move up to 147lbs.”
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