Locke is trying to focus on the football matters he controls but admits he may put in a call to Ibrox figurehead McCoist after he was praised for holding the fallen Glasgow club together following their demise into liquidation.
"Yeah, I could be spending a bit of time with Ally in the summer. I might phone him for a bit of advice," Locke said.
"Hopefully that is not the case. We are certainly moving in the right direction in terms of the wages which are now sustainable.
"I speak regularly to a lot of managers and coaches that I respect. But I'm hoping it doesn't come to (the point where I have to ask for Ally's advice). I'm hoping we can look positively to the future."
Reports have speculated that the Tynecastle club could be on the brink of disaster following the collapse of club owner Vladimir Romanov's former bank, Ukio Bankas, in Lithuania.
Bankruptcy practitioners could call in £15million of the £25million total debt owed by the Edinburgh outfit and that would see them enter administration.
The Gorgie side face Aberdeen at Pittodrie in the final game of the Clydesdale Bank Premier League season but could face a 17-point deduction next term if they enter administration in the summer.
"That would be a nightmare for us," admitted Locke. "But hopefully that will not be the case and we can bring in a few players that will make the squad better."