According to The Sun, the 26-year-old soap star has been contacted by show bosses who want her take part after her 'Coronation Street' character, Tina McIntyre, is killed off.
A source told the newspaper: "It is no secret that Michelle's been invited for talks.
"She was asked last year but couldn't do it because of Corrie."
Michelle - who topped FHM's Sexiest Woman On TV poll last year - would follow in former 'Corrie' star Natalie Gumede's footsteps, who lost out to Abbey Clancy in last year's 'Strictly' final.
Meanwhile, Michelle's finacé, former 'TOWIE' star Mark Wright, has revealed the couple have decided to postpone their wedding until next year.
“Michelle is moving to Essex to live with me this summer so there just isn’t time. And we don’t want to rush planning it as we both want it to be totally right.
“We’re really looking forward to it and I can’t wait for her to move to down to be with me. She wants to be nearer to London because of work, so it is working out perfectly.
“Michelle knows the sort of wedding she wants. We want it to be the happiest day of our lives.”