The actress, who bowed out from her role as Chester's Steph Roach last year, suggested that the project would be a good way to combine her interest in soaps, acting and singing.
Stenson recently landed the lead role of Elle Woods in the West End production of Legally Blonde, The Musical after previously playing supporting character Margot in the show.
"I love the lifestyle of musical theatre and having my lie-ins but I would love to do TV again," Stenson told Bang Showbiz of her future plans. "I'd prefer to do it in shorter stints if I get the opportunity.
"I've always loved Coronation Street - it's based in Manchester and I'm a northern girl, so it would suit me down to the ground.
"I love my singing and dancing though so if they do turn it into a musical, I'm first in line for a part."
Plans for a Coronation Street musical were first rumoured in 2008 and the speculation increased last year when show bosses released a 50th anniversary CD.
> Katherine Kelly: 'Corrie musical in the pipeline'
> Read our Coronation Street spoilers and news
> Read our Hollyoaks spoilers and news
Re-live Steph's Hollyoaks death in the video below: