On Wednesday, Terry was hit with a four-match ban by the Football Association for racially abusing Anton Ferdinand.
In advance of the hearing, Terry confirmed he was quitting the England squad because he felt his position was "untenable".
That has raised the spectre of the elder Ferdinand being recalled to bolster Roy Hodgson's central defensive options.
As one of only two centre-halves currently fit at United, Ferguson would be fearful of Ferdinand getting injured on international duty. And whilst he has not spoken to Ferdinand about the situation, he does not view an England recall as likely.
"I wouldn't think he will get called up," said Ferguson.
"Roy Hodgson made his decision before the European Championships and I can't see him changing that.
"It would be difficult for him now to go back to Rio Ferdinand and welcome him back."
Terry will decide his next move once he receives the written findings from the four-day independent regulatory commission hearing, after being found guilty of using racist language at Loftus Road in October.
But Ferguson, who saw Patrice Evra and Luis Suarez end their own feud at Anfield on Sunday, feels Terry should think carefully before prolonging the matter.
"There is a danger of it resurrecting itself because it has been going on so long," said the Manchester United manager.
"But the fact he got a four-game ban, he may consider that is quite lenient considering Luis Suarez got eight. It is time to move on and so should the game."
- Anton Ferdinand
- Roy Hodgson