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He said: "I class Steve Coppell as a friend and I have spoken to him. Whether or not that means I'll end up there, we'll have to wait and see.
"I still feel I can do a job in Division One. The legs might not go as fast as they used to, but I feel I've got a bit more upstairs now.
"I've gained a lot of experience at palace and feel I'm a better player now then when I arrived. It's not a player's market right now, but I'm still very ambitious."
However, Brighton boss Coppell insists he has not been in contact with Austin since the player ended his spell at Selhurst Park last week.
"I haven't spoken to the player for weeks," Coppell told Brighton's website.