Sarkozy withdrew from public life and stepped down from the leadership of his UMP party after losing the presidential election to the Socialist Party's Francois Hollande in 2012.
At the time, it appeared he had been serious about his campaign pledge that, in the event of a defeat, "you won't hear from me again".
But with his successor languishing in the polls rocked by revelations of a secret affair, Sarkozy has been testing the political water to assess whether he will have a realistic shot at recapturing the presidency in 2017.
And he has made a series of cryptic allusions to a comeback, usually with an underlying message that his country needs him.
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"The sea always comes back to where it has once been," was his latest offering, proffered on a trip to the Atlantic port of La Rochelle this week in the company of a gaggle of political reporters.
On such outings, Sarkozy tends to paint an apocalyptic picture of France on the edge of an economic and social abyss as a result of Hollande's failure to deliver on his election pledge to reverse the upward trend of unemployment.
All the signs are that Sarkozy believes he can capitalise on the fallout from Hollande's decision to end his relationship with former first lady Valerie Trierweiler following the revelation of his affair with actress Julie Gayet.
Sarkozy, who divorced his second wife Cecilia and started living with former supermodel Carla Bruni during his time in office, has been reluctant to say too much about the saga in public.
"When you are president you have duties, it's sad," was as much as reporters could winkle out of him this week.