Hazard, 32, will leave Real Madrid at the end of the month after agreeing to have his contract terminated at the Bernabeu a year early.
The former Belgium captain, who retired from international football after the World Cup in Qatar, managed just seven goals for Real Madrid in 76 appearances for the club.
It is a hugely disappointing return from the winger, who joined Madrid from Chelsea in 2019 as one of the Premier League's biggest stars – signing a five-year deal with the Spanish club in a transfer worth an initial €100m (£88.5m).
MLS side Vancouver Whitecaps have reportedly made Hazard a contract offer, while the Belgian has also been linked with a big-money move to Saudi Arabia this summer.
But he could be set for an unexpected return to Belgian football, according to reports in France.
L'Equipe claim Hazard is considering joining little known Belgian Pro League side Racing White Daring de Molenbeek (RWDM) to play alongside one of his younger brothers, Kylian.
RWDM secured promotion to the Belgian top flight after winning the Challenger Pro League last season, with Kylian scoring six goals in 22 appearances over the course of the campaign.
Eden Hazard has two other younger brothers in addition to Kylian - Thorgan and Ethan, the former also a professional footballer with Borussia Dortmund.
The possibility of reigniting his career with Kylian could tempt Eden into a return to Belgium.
But reports in Spain claim he is also considering retiring from football completely after four disappointing seasons in Spain.
He made just six La Liga appearances this term, four of them as a substitute, scoring no goals.
Last month, he apologised to Real Madrid fans in an interview with Marca, saying he was "really sorry about what has happened" and rating his impact on the field as "zero".
Madrid later confirmed that Hazard had agreed to terminate his deal at the Bernabeu.
"Real Madrid C.F. and Eden Hazard have reached an agreement whereby the player will be released from the club as of June 30, 2023," Madrid said in a statement earlier this month.
Eden Hazard has been part of our club for four seasons, in which he has won eight trophies: one European Cup, one Club World Cup, one European Super Cup, two Leagues, one Copa del Rey and two Spanish Super Cups.
"Real Madrid wants to express its affection for Eden Hazard and wishes him and his entire family the best of luck in this new period."