Wallabies player Dane Haylett-Petty told the Daily Telegraph the team will discuss whether they will do it.
"It's great that sport has an amazing opportunity to have a say and join conversations, a lot of sports have done that and it would be a great thing for us to do," Haylett-Petty said.
"I obviously can't speak for everyone but definitely I think it'd be a great show of support.
"I think that's probably a discussion to have as a group, and we'd definitely consider it."
Dave Rennie's side will be wearing a green Indigenous jersey for the test on October 31.
The jersey is designed by Dennis Golding, a Kamilaroi/Gamilaraay artist from Redfern in Sydney. The last time the side wore an Indigenous jersey against the All Blacks was in 2017 when they won 23-18.