Former Victorian opposition leader Robert Doyle says he is a "better than 50-50" chance of running for Melbourne lord mayor.
The former Victorian Liberal Party leader, who quit the leadership and Parliament two years ago, has confirmed he would be an eligible candidate for the mayoral position.
Mr Doyle told Fairfax Radio Network the chance of him running was "better than 50-50".
The Melbourne City Council had confirmed he would be eligible to run, because he was the director of a company registered in the city.
"I have given myself another 10 days or two weeks to have a really good hard look at it," Doyle said.
"I have to make the decision about whether I'm prepared to offer myself for public life again, you may recall last time it wasn't altogether a completely happy experience for me."
He would have to scale back his work to meet mayoral commitments.
Doyle said he was still a member of the Liberal Party, but it would not get involved, as it did not endorse candidates in local government elections.
Mr Doyle said if he decided to run, it would be because he wanted to make a contribution, serve the community and take Melbourne in a positive direction.
"I think it's one of those things you don't do for money, I think you have to recognise that it's never going to be rewarded for the time that you put in and that's all there is to it."
Earlier this week Lord Mayor John So said he would not seek re-election to the position he has held for the last nine years.
The election will be held on November 29.
Labor Party member Will Fowles, the Greens' Adam Bandt and City of Melbourne councillor Catherine Ng have said they will run for the position.
Melbourne's lord mayor receives an allowance of $110,000 a year.
