The 29-year-old ended a six-year spell with the U’s when joining Conference Premier side Eastleigh this week.
The striker leaves United frustratingly one-goal short of equalling the club’s all-time record of 107 goals, held by Graham Atkinson.
The landmark is all the more frustrating for Constable, whose hat-trick against Chester on August 18, 2009 is not officially counted because United’s opponents folded later that season.
But while he would have loved to have departed with the record under his belt, Constable says he has not totally accepted he will never break it.
“Never say never,” he said.
“If in a few years’ or so there is the chance to come back to Oxford, of course I would consider it if it’s the right move for me.
“I’d love to return and break the record, of course I would.
“My heart was saying that I should stay at Oxford and try to break it now, but my head was saying that I need the security for my family and that is why I came to the decision that I did.”
Constable admits he has been overwhelmed by the messages of support from United’s fans, and is hoping the club can bring them success.
The striker also revealed he turned down offers from Football League clubs in order to join Eastleigh, with a two-year deal being the clinching factor.
“I’ve seen people saying it was about money, but I could have earned a lot more by staying in the League,” he said.
“I know some will say I shouldn’t drop into the Conference again, but I am excited by the plans Eastleigh have.
“It’s very similar to when I joined Oxford from Shrewsbury – they are a club who have big hopes and I am excited to be part of it.
“I had calls from a League One club and a couple of League Two sides, but the challenge at Eastleigh really excited me.”
Meanwhile, Sean Rigg, released by Oxford at the end of last season, has signed for Sky Bet League Two rivals AFC Wimbledon.
Rigg made 85 appearances for Oxford, scoring nine goals in his two years at the Kassam Stadium.
Latest United news:
5:34pm Saturday 28th February 2015
4:53pm Saturday 28th February 2015
OXFORD United ground out a valuable point as they held in-form Portsmouth to a goalless draw at Fratton Park.
9:30am Saturday 28th February 2015
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6:40am Saturday 28th February 2015
MICHAEL Appleton is confident Oxford United’s younger players will be able to handle the atmosphere at a packed Fratton Park today.
2:00pm Friday 27th February 2015
While Gary Waddock’s time in charge at Oxford United was brief, it produced one clear benefit which has helped the side this season.