Collins was one of the guests at last night's British Comedy Awards, and the veteran actress claimed that she would be open to talks for a reunionm which could bring back the famous TV family the Carringtons.
Rumours of a Dynasty reboot resurfaced this year, following the success of TNT's Dallas revamp. Dallas and Dynasty were famously ratings rivals during the 1980s, when they were among the most-watched TV shows in the world.
When asked by Digital Spy if she would like Dynasty to copy Dallas and have a comeback, Collins said: "I'd be interested, yes. Definitely.
"It would depend on the right scripts and the right people and the stories would have to be good... I'm absolutely open to the idea."
Dynasty, which was created by Richard and Esther Shapiro, ran from 1981 to 1991 on ABC in the US.
The central stories revolved around Blake Carrington (the late John Forsythe), his wife Krystle (Linda Evans) and his ex-wife Alexis (Collins). In 1985, it was the number one most-watched show on American TV.
Watch the opening credits to Dynasty below: