"The thinking is changing within the AFL that they have to do more events and State of Origin is back on," McGuire said.
"The word around over the weekend was that State of Origin is not going to happen and it's more about the International Rules, but they're both going to happen?" Hird asked.
"Yeah, well, standby." McGuire said.
"I'd like to see State of Origin played in the preseason and I think we could have a big carnival where you have that and the women's international game," McGuire said.
"From a selfish point of view as someone that's not from Victoria, Western Australia or South Australia, how do you include the better players from outside? Because, for me, playing for the Allies just didn't mean much," said Hird.
"I would almost have a relegation system. I'd start off with Victoria, South Australia, Western Australia and the Indigenous All Stars. Then I'd have Northern Territory, Tasmania, New South Wales and Queensland," said McGuire.
"The Queensland kids coming through are going to be sensational, so too New South Wales," McGuire said.
"So I think we're going to actually have a genuine state-based competition and if we make it into something really big, then you have a break [in the preseason] and it doesn't affect training because everyone is doing match simulation anyway. You pay the players properly and we get another major event into Western Australia, South Australia, Victoria or whoever wants to buy it and that's more money into the competition that you can direct to the players or junior football. I think there's a lot of merit in it," McGuire said.
"Looking back on my career, I wish I had have been more involved in state footy because your season is such a big part of the year with the AFL fixture or the Essendon fixture, but to actually elevate the event like the NBA All Star game and the International Rules series are very special memories to play with the best of the best and you create friendships that last a lifetime," Hird said.
@5:06 - Eddie McGuire and James Hird discuss the return of State of Origin footy