The matter hasn't gone without consideration in some spin-off media. The apocryphal webcast, "Scream of the Shalka", showed the Master as a prisoner inside the TARDIS, an arrangement the tenth Doctor would have been willing to facilitate. And the audioplay, "Master", indicated that the Master is one personification of Death, and that the Doctor hopes to one day free his old friend from his curse.
The problem with redeeming the Master is that the character has never been particularly well defined; he's a killer with no motive, a malicious force with no real purpose beyond menacing the hero and being trounced every single time (which makes it hard to see him as an actual threat). So it's hard to imagine an actual persona beyond or without the villainy.
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The matter hasn't gone without consideration in some spin-off media. The apocryphal webcast, "Scream of the Shalka", showed the Master as a prisoner inside the TARDIS, an arrangement the tenth Doctor would have been willing to facilitate. And the audioplay, "Master", indicated that the Master is one personification of Death, and that the Doctor hopes to one day free his old friend from his curse.
The problem with redeeming the Master is that the character has never been particularly well defined; he's a killer with no motive, a malicious force with no real purpose beyond menacing the hero and being trounced every single time (which makes it hard to see him as an actual threat). So it's hard to imagine an actual persona beyond or without the villainy.