However, Federer isn't getting carried away just yet.
"Look, they pulled out (of warm-up tournaments) maybe because they're not quite ready yet, or maybe because they need a couple more weeks," Federer said.
"We'll only really know in a week or 10 days time who is really actually going to pull out. That's when you can really talk about it.
"Because so far maybe it's precautionary. Maybe it's really that they're not feeling well.
"I hope they all get back. But something tells me that two guys out of the five, six probably won't make it. Because it seems too many guys are actually fighting something."
Federer said even if a bunch of top contenders were forced to pull out, it would still be a difficult task to win the Australian Open.
"Maybe it's going to open the door for me, and others too," Federer said.
"But that's just all talk right now.
"At my age I've got to be really focused about my own game, my own body, my own problems that I will have.
"It's still going to be be seven matches over five sets. That's not easy to do.
"Regardless of who's going to be playing, and who is not, to win the Australian Open doesn't come around easily."