Pelphrey said any speculation about Monk actually becoming a member of the team was "preliminary."
"There's nothing as of right now," Pelphrey said after Friday night's Red-White game. "It could be a possibility. It's being investigated."
Monk could be eligible to join the team because the NCAA gives athletes five years to exhaust four years of eligibility in any sport. Monk, a 6-foot-6 Lepanto native, played one season of basketball in addition to his four years of football. He scored 10 points in 10 basketball games with the Razorbacks as a freshman in the 2004-05 season.
Pelphrey mentioned that Monk isn't enrolled in classes, and he wondered how that would affect his ability to get eligible. He also vouched for Monk's character.
"I'm a big Marcus Monk fan," Pelphrey said. "I don't know anything about him and basketball. I've never even seen him bounce a ball. But I know how hard he worked last year to get back in football from his injury, and I've had a chance to be around him on a number of occasions."
Monk, who caught 27 touchdown passes throughout a successful career that was cut short last year by a knee injury, was drafted by the Chicago Bears in the seventh round of this year's NFL Draft. The Bears released him before the start of the regular season, and Monk was then picked up by the New York Giants.
The Giants released him on Sept. 8.
Razorbacks Open To Possible Monk Return
Hawgs Daily Top Stories
Arkansas losing player to transferA second player is transferring out of the Arkansas basketball program.
Hawgs Daily1:44 PM
Arkansas 8, Texas A&M 0Arkansas cruised to a series win over Texas A&M on Saturday.
Hawgs DailySaturday at 12:39 PM
Future Hogs square off for state titleAn Arkansas signee won a state championship on his future home field Friday morning.
Hawgs DailyFriday at 2:15 PM
Arkansas to get second visit from standoutArkansas is set to get a second visit from one of its top recruiting targets.
Hawgs DailyFriday at 11:28 AM
Otis' Friday Razorback Recruiting ChatterArkansas has four commitments. Due to only a dozen seniors at Arkansas what will the Class of 2018 look like?
Hawgs DailyFriday at 11:13 AM