Jackett was the man to hand Ricketts a step up into the Football League, snapping him up from Telford United during his time in charge of Swansea City.
It is now being reported that he is looking for a reunion with the Wales international at Molineux.
Jackett, who is looking to bounce Wolves back into the Championship at the first time of asking, admits to being an admirer of the 31-year-old defender but is reluctant to be drawn into a debate regarding possible transfer targets.
He said: "I took him out of non-league to Swansea and he's done very well in his career since then.
"But I'm not going to comment on players who are with other clubs. I think it's unprofessional.
"It's right to say, just like every manager or head coach at every other club, that I have my targets and we're working away in the background and we do make approaches and try to line players up.
"At this period of time, we're running that alongside other people going out, but for me to comment on other people's players I think is unprofessional.
"My view is that when we sign a player, we will announce it."