The 32-year-old, who is the longest-reigning UFC Lightweight Champion in history, announced after submitting Justin Gaethje that he would not be returning to the octagon.
The Russian had made the commitment to his mother following the passing of his father Abdulmanap back in July, but White has suggested that his emotions ran high.
One reason he could be tempted to return is the chance of making his record 30-0.
In a chat with the Zach Gelb Show, he said: "I’ll tell you this and I haven’t told anybody this yet, but Khabib and I have been talking. He was completely emotional that night when he got through that fight.
"I have a feeling that he might go for 30-0.
"I think that he's not going to retire. His dad wanted him to get to 30-0, and I think he wants to honour his dad's wish."
That update comes as a shock to UFC followers, who applauded the decision of Khabib to retire.
He said after his victory: "It was the work of my life, I never got anything easy.
“Nothing was given to me because I’m a nice guy.
"Hard work, hope for Allah and patience, these three ingredients help me to get successful, and of course, control and advice from my father, who invested in me a lot of time and work."
Khabib later added of reports that White wanted him to return: “Of course Dana wants me to continue fighting and generate revenue.
“I can make money myself. I’m at the peak of my career and can fight for very large purses, but I made this decision, and I think this is the best time.
"Not everyone can retire at their peak, but I know that in a year, two or five [years] I’d have to face that decision again.
"I did enough in the sport to be considered the best. Today, I was ranked as the No1 pound-for-pound fighter, so the mission is accomplished.
"What else is there to do? Make money? I’ll always be able to do that.”