Watson fronted the media in Adelaide ahead of the AFL’s season launch and was bombarded with questions about the supplements scandal a year after it first reared its ugly head.
The Bombers’ captain said "it had not got to that stage yet" regarding legal action but wouldn’t rule it out saying, "We will seek the advice of the players association on that".
"In particular, what occurred in the Herald Sun on Sunday was disappointing for the players. For an ongoing investigation, for them (Sunday Herald Sun) to pre-empt by naming and showing photographs of players, for a Commonwealth investigation that was going on, that was very disappointing," he added.
"For players families and friends, that was an unnecessary element when the investigation is still ongoing and hasn't been concluded.
"The players have worked incredibly hard, we understand it has been ongoing, there hasn't been any closure at this moment ... we have lived through it.
"The players are focused on 2014, we are excited about 2014, we have had incredible support from our fans, but it was disappointing to see."
Watson revealed the supplements scandal had left him and his teammates disillusioned.
"There have been times where it has been disillusioning but we have maintained strength as a group and we have been proud to put the Essendon jumper on."
AFL Players Association vice-president and Fremantle captain Matthew Pavlich was also incensed by the paper’s actions and read a prepared statement on behalf of all players.
"As Andrew Demetriou said on Monday, we're fortunate that the game is so well covered by the Australian media," he said.
"But, just as we are accountable for everything we do on and off the field, we think it's important to point out conduct which we think falls short when we see it.
"It is the view of the captains of all 18 AFL clubs that the decision to name and publish photos of current and former Essendon Football Club players in the press on Sunday falls short of the standards of respect and decency which we hope would characterise the relationship between players and the media.
"Regardless of what you think about what happened at Essendon Football Club in 2012, there is no doubt that these players are in an unenviable and vulnerable position.
"As leaders of the playing group, we think it's appropriate to stand up, lend our voice and influence in condemning the mistreatment of vulnerable players - that's our responsibility.
"So, without labouring the point, taking any further unnecessary action or holding grudges, let's all take stock, reflect on how we would like to be treated both individually and collectively, and work together to continue to showcase the game, its players and its stories in a fair and respectable manner."
