The Malaysian businessman oversaw Cardiff's controversial change from traditional blue to a red home kit, as well as the introduction of a new badge prominently featuring a red dragon alongside a bluebird.
Tan denied reports he may seek to further rebrand the club by renaming them as Cardiff Dragons in February, but after Hull City added Tigers on to their name this week, the tycoon appears to be having second thoughts.
"I read a bit about Hull City's name change. They are back in the Premier League and I admire their owner Assem Allam for what he has done," Tan said.
"One thing that I read that I liked is he says there are so many teams with the name city. There is Hull City, Leicester City, Cardiff City, Bristol City - everyone is called City.
"Who doesn't know Cardiff is a city? Who doesn't know Hull is a city?
"I think that his strategy is good but I'm not saying that we are making any similar changes. I don't want nasty e-mails written to me tomorrow but I always say 'never say never.'
"Businesses need to evolve. If we all stayed the same there would be no internet today and we would all be living in caves. But definitely we are not changing anything now."