I think Varys was lying when he said he detests magicmagicians . Evidence of this IMO is the conversation he and Illyrio have in the King ' s Landing Dungeons Illyrio What good is war now ? We are not ready . Delay . Varys As well bid me stop time . Do you take me for a wizard ? Illyrio The other chuckled . No less . Why would Varys refer to himself as a Wizard and why would his childhood companion reinforce the comment if it is such a touchy subject for him ? Sort of on topic , but I have a strong feeling that Aegon may well be who he is claimed to be . I subscribe to the theory that Varys and Illyrio are either of Blackfyre Blood or in the least Blackfyre sympathizers . I think Aegon is simply a puppetfigurehead for a Blackfyre conquest . The animosity between Blackfyre and targaryen was never an issue of blood . At the end of the day , they shared the same blood . It was an issue first of entitlement , and then one of loyalty from vassals as they pledged to one or the other . Therefore , Aegon does not necesarily need to be a Blackfyre for Team Varllyrio to utilize him as the face of their invasion . Illyrio even says it himself Black or red , a dragon is still a dragon .