The Prime Minister is looking at a poll one week after the US presidential race in the hope the Reform party president will be kept busy in Washington by his friend Donald Trump.
It comes after a shock poll found Mr Farage would wipe four points off the Conservative party's rating if he returned to the political frontline, pushing the Tories down to 21%.
And the Daily Express can reveal the ex-Ukip leader is "very tempted by a big offer" in the US.
A source close to Mr Farage said: "No 10 have every reason to fear a Farage comeback, as the latest polling shows.
"But after 14 years of failure, the Conservatives are doomed regardless of what Nigel decides to do next.
"My current understanding is he's very tempted by a big offer in the US." A poll by JL Partners found Mr Farage would give Reform a major boost, also wiping four points off Labour's 45% rating.
Director Scarlett Maguire said it would be a "knockout blow" for the Conservatives.
Reform has been nipping at Tory heels consistently in the polls but experts still believe it is unlikely to take any seats.
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