Speaking on Golf Australia's Inside the Ropes Podcast earlier this week, Ryu suggested she would be in Australia for the nation's premier women's golf event at Adelaide's Kooyonga Golf Club in February.
"Right now, I'm planning to play Women's Australian Open,'' Ryu told the Inside the Ropes Podcast.
"I miss Australia so much. I miss Vegemite, I miss all the great food in Australia, I miss all the great golf courses in Australia and great friends as well, and of course kangaroos as well."
The South Korean's presence would elevate the status of the LPGA Tour event even further.
One of the LPGA Tour’s most consistent players since joining the US circuit in 2012 following her 2011 US Open win, Ryu became the World Number One for the first time on June 26 this year, taking over from Ariya Jutanugarn who had taken over from Lydia Ko just two weeks earlier.
Ryu is not only the leading ranked female golfer in the game, she also leads the 2017 LPGA Tour money list and the Race to the CME Globe series with two wins and two runner-up finishes this season, including her second major championship title at the ANA Inspiration in April.
The 27-year-old is coached by the same person as Jordan Spieth, Australian Cameron McCormick, and she has another Australian connection in that Melbourne's Tom Watson is her regular caddie.
A 21st place finish at the 2015 Women's Australian Open at Royal Melbourne Golf Club, won by Ko, was Ryu's last visit to Australia.
Ryu was also part of the famous six-way playoff at the 2012 Women’s Australian Open, which was won by Jessica Korda.