Maybe ... if the featherweight champ gets to call his next shot, 'cause during a recent conversation with Volkanovski, TMZ Sports asked if he was interested in a scrap with the Irish superstar.

"Oh yeah, I mean [a McGregor fight always interests me], and it's always going to interest a lot of people," Alex, who hasn't lost a fight since 2013, tells us.

"It's always going to be a big fight, there's always going to be money, there's going to be a circus, it's going to be entertaining, it's going to be fun, I'll enjoy that whole f***ing thing."

Of course, Conor hasn't fought since July 2021 ... when he snapped his leg during his third fight with Dustin Poirier.

McGregor is clearly getting closer to making his Octagon return ... and Dana White previously told us he expects the UFC superstar will fight towards the end of the year.

Regarding Conor, there are several potential opponents ... welterweight champ Kamaru Usman, lightweight contender Justin Gaethje, and Volkanovski.

If you've seen Conor lately, you'll know he ain't making 145 lbs. anymore ... but that might play into Alex's hands, as the champ says he wants to move up a weight class and achieve champ-champ status.

FYI, Conor, Daniel Cormier, Amanda Nunes and Henry Cejudo are the only UFC fighters to hold two belts at one time.

Check out the extended cut with Alex ... where he and Babcock talk everything from the beatdown of "Korean Zombie" (warrior!) at UFC 273, a trilogy fight with Max Holloway, and whether or not AV's the greatest featherweight ever -- plus much more!

Full interview ⬇️⬇️⬇️⬇️