The 26-year-old former Birmingham and Sheffield United man is currently playing on non-contract terms for Conference club Rushden, having tried his hand at professional boxing.
Vaughan was made aware of Woodhouse's availability through his boxing contacts and the chairman will now contact Rushden.
He said: "We are interested and we'll be approaching Rushden.
"I spoke to his boxing agent on Friday night and he told me he's available so hopefully we can get a deal done."
Source: http://www.confguide.com/newsArticle.do?id=5841