The former host of the BBC Two motoring show will reportedly team up with pals Richard Hammond and James May to host a rival programme, which will air in the same Sunday night time slot as ‘Top Gear’.
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The original 'Top Gear' trio
Jeremy was replaced by Chris Evans as the host of ‘Top Gear’ earlier this month, after he was fired for punching a producer, with his co-stars later quitting the show.
According to The Mirror, the trio are hoping to take down Chris’ revamped version.
"The thought of making a show for the BBC’s main rival is very appealing for them.
“Jeremy was deeply hurt and angered by the briefing given by a mystery BBC executive which saw him linked with the name of Savile. Of course he’d like to take revenge for that slur.”
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Chris Evans will front the revamped 'Top Gear'
Jeremy, James and Richard’s final episode of ‘Top Gear’ is set to air tonight, but Jeremy has laid into the ‘cobbled together’ farewell.
Writing in his Sun column, he said: “At 8pm tomorrow, BBC2 is screening an edition of Top Gear cobbled together from two films that were made before I was fired.
“One of them is quite good,” he said.
‘Top Gear’ airs tonight at 8pm on BBC Two.
Possible 'Top Gear' Presenters
Guy Martin (01 of14)
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Guy Martin is another star whose name has been mentioned often in relation to the presenting roles.
Jodie Kidd (02 of14)
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Jodie was spotted enjoying lunch with Jeremy Clarkson in the wake of his sacking - does she already have his blessing? (credit:Richard Shotwell/Invision/AP)
Suzi's name has also come up often, during talk of a shortlist. (credit:Dave J Hogan via Getty Images)
Philip Glenister (05 of14)
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The actor's name has popped up often, and in May it was reported that he was in "advanced talks" with the BBC. (credit:Jon furniss/Invision/AP)
Will Mellor(06 of14)
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In April, sources revealed that bosses were considering Will, in the hope that he'd bring "a younger audience" to the show. (credit:David M. Benett via Getty Images)
David Hasselhoff (07 of14)
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The Hoff threw his hat into the ring last month, answering with a simple, "Why not?", when asked whether he'd be up for presenting the motoring show. (credit:KGC-143/STAR MAX/IPx)
Stephen Fry(08 of14)
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Bookies William Hill are offering odds of 10/1 on TV star Stephen nabbing the role. (credit:ASSOCIATED PRESS)
James Blunt(09 of14)
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James Blunt's also made the bookies' shortlist with odds of 12/1. (credit:ASSOCIATED PRESS)
Dermot O'Leary(10 of14)
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Dermot's left the 'X Factor' behind, and he's already on the Beeb's books thanks to his Radio 2 show. (credit:Stuart C. Wilson via Getty Images)
Jake Humphrey(11 of14)
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BT vision presenter Jake Humphrey is 8/1 to be a co-host. (credit:Karwai Tang via Getty Images)
Jamiroquai (12 of14)
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Jamiroquai loves his cars - could he make the move to television? (credit:Sowetan via Getty Images)
Adrian Chiles (13 of14)
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Well... he's not doing much at the moment is he? (credit:Tristan Fewings via Getty Images)
Nigel Mansell(14 of14)
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We reckon former Formula One World Champion Nigel Mansell would be a perfect choice. (credit:ASSOCIATED PRESS)