The Dutchman, who worked with Wilkins during his four-month spell in charge in 2009, is expected to be announced as Chelsea manager by the end of the week.
Hiddink wants to establish a familiar team of staff behind him and reinstating Wilkins is top of his priority list.
Sensational return: Ray Wilkins and Guus Hiddink worked together in 2009
The former England midfielder was sacked in October of last year after falling out with owner Roman Abramovich and the Russian would have to swallow his pride if he were to welcome him back.
Wilkins' departure from the club was the catalyst for an alarming slump which ruined Chelsea's season and cost Carlo Ancelotti his job.
The pair reportedly fell out after a row over Ancelotti's tactical approach with Wilkins hauled out of touchline duties during a reserve game.
Imminent arrival: Hiddink, pictured this week playing football with visually-impaired children in South Korea, is expected to be announced as Chelsea manager this week
A debacle over a compensation package ensued and it is uncertain whether Wilkins, who first played for the club way back in 1973, would want to return.
Wilkins said only last month: 'My time is done with Chelsea. When you put in as much money as Mr Abramovich, you are entitled to choose what you want to do.
'He didn't want me so I am no longer there. Back then I was cheesed off but I am not one of those guys who would keep saying I should be still there. It is part of my life which is done and dusted.'
Despite this, Hiddink will ask the Russian billionaire to sanction a formal approach to the man who has also worked under Gianluca Vialli and Luiz Felipe Scolari at Stamford Bridge.
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Source: Daily Mail
Source: Daily Mail