A former defense attorney of O.J. Simpson told FOX25 that the report of a knife found on Simpson's estate is "ridiculous."

On Friday afternoon, Los Angeles police said they were investigating a knife that was allegedly found years ago at Simpson's former home. According to police, a retired police officer said he was given the knife by a construction worker who found it on Simpson's property. Police only recently learned of the knife's existence.

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F. Lee Bailey, former attorney and member of the O.J. Simpson defense team, spoke to FOX25 by phone from his home in Maine about the recent developments.

"O.J. did not drop [the knife] on his property any more than he did the gloves," Bailey said. "The whole thing is ridiculous."

Bailey went on to say that "a police officer holding it has destroyed any credibility you might prescribe to it...any police officer with half a brain would realize this knife could be important."

Bailey noted the timing of the story was "convenient," given that FOX is currently airing a limited-series on FX based on the trial.

Regardless, Simpson was acquitted in the 1994 murders of ex-wife Nicole Brown Simpson and her friend Ronald Goldman. He cannot be tried twice for the same crime.

"All of the matters have been adjudicated," Bailey said. "The matter is closed."

Police never recovered the weapon used in the killings.