Wil Johnson told The Sun that there have been discussions about reviving the crime drama, which was cancelled after nine series.
"There is talk of doing a Christmas special," Johnson said. "I wouldn't be surprised if we do - there's such a demand for it.
"I miss being on the set because it was a quality show to work on. A great cast, great guest artists who came in and wonderful directors - that's rare."
A source warned that it could be difficult to get the cast together as some of the stars have begun work on new projects, but added: "A Christmas special would thrill fans and could lead to another series."
Following the axe of Waking The Dead, the show's star Tara Fitzgerald appeared in spinoff The Body Farm. However, the programme was recently cancelled after one series.