The 35-year-old is out of contract this summer and has been contacted by the recently promoted Hornets, where Young came through the ranks as a youngster.
Speaking to Sky Sports, Young said: "There have been talks [with Inter Milan].
"I have had an unbelievable time at Inter, if there is something to be done I'm sure a deal can be sorted out.
"It's a waiting game because everyone is in a pandemic, we don't know where finances are. I am chilled and laid back, I am enjoying my football, we've just won the league. We've got four games left, four to win, that's all my focus is on.
"There can be a lot of factors involved in the decision. I will make sure it is the right decision for me and my family
He continued: "I've never said I wouldn't go back [to Watford]. It's the club where I started at 10 years old but right now there is nothing. My representatives have not spoken to me about it.
"It would be a difficult decision to make."