The Tigers sparked widespread speculation they were interested in throwing the Brownlow Medallist a lifeline when they petitioned the AFL on Wednesday for permission to rookie-list injured defender Graham Polak.
The AFL Commission will meet on Monday to discuss the proposal. If approved, Richmond will have two selections in Tuesday's NAB AFL Pre-Season Draft, one of which could be used to secure the former Eagle.
"I can confirm that the Richmond football club has spoken to Ben Cousins, but at this stage we haven't made any decision on whether we're going to take [him]," March said.
"We've go to await the outcome of the AFL Commission's decision on Monday.
"We've made an application through our football department, and we'll wait to see the outcome of that and make a decision from there."
While March would not confirm Richmond's intent regarding Cousins, he hinted that wheels are in motion at the club should it find itself with the extra draft selection on Tuesday.
"We've definitely talked to [Cousins] and we've looked at what we can do", he said.
The Tigers are relative latecomers to the Cousins issue having previously stated the 30-year-old did not fit into their plans for 2009.
St Kilda, Collingwood and the Brisbane Lions all studied the viability of bringing him to their clubs before ultimately withdrawing interest.
Richmond currently has pick six at the pre-season draft and could still select Cousins regardless of the Commission's decision, but March maintained the club's position on that selection had not changed.
"We've stated all along that we'll be using our pick in the pre-season draft on a junior," he said
"We missed out on a pick at 69 [in the national draft] which Brisbane took, and the intention was always to take a young boy ... That really hasn't changed."
The Tigers had hoped to snare young Tasmanian ruckman Bart McCulloch with pick 70 in the national draft before the Lions swooped.
Polak, who suffered a brain injury in a collision with a tram in June, has been slow to recover, leading to the proposal to remove him from the senior list.
"It's clear at the moment that Graham's recovery is taking a little bit longer than he had hoped," March said
"He came back to training and early signs were that he was recovering and he was hopeful that he might recover better than he has.
"But it's slowed down a bit and it's unlikely at this point that he'll play next year."
