I'm not in any way a Wayne hater, but unless it was on a free with limited wages has to be a no.
We wouldn't bring in John Terry on massive wages, and for me this is similar. I know they're different players, but the reasoning is similar.
I know he's a blue, but his best days have gone and he's surplus to requirements at a club we should be competing with.
If he's as blue as he claims, his desire to play for his boyhood club would override his wage demands, he's probably got more money already than he can spend in his lifetime.