Seasiders' manager Ian Holloway admits he is considering loaning the 34-year-old out following a candid discussion with Ferguson, who last week told SportTimes that he is considering moving into a coaching role at the end of the season if any interested parties step forward.
The 45-times capped player joined the Bloomfield Road club from Birmingham City on a two-year deal during summer 2011, but has only played in seven of their 12 matches so far this season.
Ferguson was not even included in the squad that travelled to Burnley in Saturday's 1-0 Lancashire derby defeat.
Holloway said: "Barry and I have had a chat. He thinks he should be playing every week.
"He hasn't been nasty about it – he believes he needs to play every week. He's not used to not playing, so I might loan him out.
"He knows he's out of contract in the summer and he knows other people might want him.
"He's been totally respectful and he trained back in Blackpool on Saturday.
"We might be able to swap him for a player in a different position – there's not much to chose between Barry, Angel Martinez and Ludo Sylvestre.
"One club rang me over the weekend and said we could take our pick of their players, so we can look at that. If we have to bring Barry back, then we can in 28 days."