The actor spent a decade playing Martin Fowler in the BBC One soap, making his first appearance in November 1996 and his last in February 2007.
Earlier this year Natalie Cassidy – who plays Martin’s wife Sonia – made a return to the show but Alexandrou isn’t ready to join her.
“Natalie called me when she went back in it and she was so happy and it seems like there’s a really nice atmosphere there and I know that when Danny Dyer came in it really energised it and he’s great for the show.
“For the first time in a long time I was really going, ‘Could I do it? Could I do it? …But I don’t think the time’s right for me right now. But it’s never a no – it’s just not right now.” – Alexandrou speaking to What’s On TV
Alexandrou is currently starring as Iago in a West End production of Othello.
EastEnders airs Monday (8.00pm), Tuesday (7.30pm), Thursday (7.30pm) and Friday (8.00pm) on BBC One.