''Of course I've heard of it just as everyone else has - there's a lot of stuff about how the IPL are interested in getting England players,'' Shah told Sky Sports News.
''So that's something that might fall into place in the next six, 10, 12 months and if I do get an opportunity then yes, why not?
''Obviously if it doesn't hamper my England career,'' he added.
Shah lost his place in the national side for the recently concluded three-Test series against New Zealand to his county colleague Andrew Strauss.
Hampshire's Dimitri Mascarenhas and Shane Warne have already signed for the lucrative league in India which meant that there could have been an opportunity for new Middlesex captain Shaun Udal to return to the Rose Bowl and captain his previous club.
But the spinner still maintains that he does not regret his decision to move to Lord's.
''It would have been nice but that's not to be, it was six months ago,'' Udal said.
''If those decisions were in place six months ago then maybe things would have been different, but they're not.
''I'm more than happy here at Lord's and there are not many better places to play than here at Lord's,'' he added.