Speaking to Q magazine, the 'Paradise' singer confirmed that ITV producers have approached the band about appearing on the show.
© PA Images
"Sometimes the things that you're offered split the band and that always means you end up not doing them," Martin explained.
The 34-year-old, who insisted last month that Coldplay would never perform on the programme, said that he - along with guitarist Jonny Buckland and manager Phil Harvey - were in favour of the idea; with bassist Guy Berryman and drummer Will Champion against the plan.
"I think half of us would love to play The X Factor and half of us say that's a bad idea... me, Phil, Jonny would probably do anything," he noted.
They were previously linked with a spot on the X Factor finale for a potential performance with Janet Devlin - however she was voted out of the competition last night.
Champion added that the band jam to material by The Smiths to resolve disagreements, explaining: "If one of us is down about something generally it can be resolved by grabbing some guitars and playing a Smiths song."
Watch the video for Coldplay's 'Paradise' below:
