Boris Johnson is being "sounded out" about an executive role with The Daily Telegraph.
The former prime minister has held informal talks with his former cabinet colleague, Nadhim Zahawi about taking on a possible job with the newspaper.
A source close to Mr Johnson said that no agreement was in place but the idea was "floating around" if Mr Zahawi's bid for the right-leaning publication was successful.
The job in question according to people involved in the Telegraph bidding process would see Mr Johnson step into the role of global editor-in-chief.
Mr Johnson previously worked for the Telegraph as a correspondent in Brussels and a columnist and "still holds the Telegraph in high affection," according to a person close to the former prime minister.
Last month it was reported that Mr Zahwai had approached a number of billionaires in a bid to back his offer to take over the newspaper and The Spectator magazine. A source close to Mr Zahwai said the offer was now "fully funded."
The former chancellor is in talks with Gulf-based IMI which owns the majority of RedBird IMI and is overseeing the formal auction process.
Last year, RedBird IMI attempted to take over the newspaper and its magazine but its bid was blocked by the last Conservative government who banned foreign states from owning UK newspapers.
Mr Johnson's possible involvement in the Telegraph comes after RedBird IMI reduces the number of bidders participating in the auction.
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