James Cleverly has told Sky News there is a "reasonable chance" he will enter the Conservative Party leadership race.
Nominations will open on Wednesday for the three-month contest to replace Rishi Sunak.
A new leader will be announced on 2 November.
Possible contenders include former immigration minister Robert Jenrick, former home secretaries Suella Braverman and Dame Priti Patel, shadow security minister Tom Tugendhat and shadow communities secretary Kemi Badenoch.
Live updates: https://news.sky.com/story/kings-speech-labour-keir-starmer-latest-live-12593360
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