Pendlebury floated the idea last week via Twitter and said the popularity of the 2008 Hall of Fame tribute match was proof that a similar game would work.
"A few years ago I played in a tribute game for Victoria and I thought it would be a good idea to do that again with all the proceeds going up to Queensland and helping them out," Pendlebury said on SEN on Monday morning.
"Obviously the fans are dying to see a bit of football at the moment so it would be a good time to wheel it out."
The AFL has said it would consider staging a match to benefit the flood victims after already announcing a $500,000 donation.
Pendlebury imagined the game would be played on Thursday night, March 10, the day before the NAB Cup Grand Final, and feature the game's best players (who were not involved the following evening).
Collingwood kicks off its 2011 campaign with the NAB Cup opening games against Richmond and Carlton on February 12.
And Pendlebury promised the club would put in place measures to ensure there was no hangover from its premiership success last year.
"I suppose we got a smack between the eyes on the first day back. Our training camp in the States was as hard a camp that I’ve been involved in," he said.
"The coaching staff has been on us about leaving that in the past, moving forward and thinking about what we want to achieve this year.
"I suppose the leadership group has a big role to play as well in making sure everyone complies to the standard we set last year and making sure we don’t slip off in any area."
The Norm Smith Medallist said the arrival of mature-age recruits Chris Tarrant and Andrew Krakouer was already having a positive influence on the club.
"They’ve both been fantastic with the way they train. They are two older guys who have been through the system," he said.
"Taz has come in and he’s the oldest guy on the list straight away so we’ve got a pretty young side and it’s good for everyone that they’ve come in and trained the way they have. They are pretty keen to get into the 22 and start playing."
