The publication reports that Sam has been plotting her comeback for months and even pitched a one-hour nightly news show to rival The Latest: Seven News which airs after 10pm.
"[She] wants to go head-to-head with Seven's The Latest - it would be Monday through Thursday, a one-hour format, which will see Sam free to head up to her country retreat for the other half of the week," a source told the publication.
It comes after reports Sam wouldn't be keen to return to early morning TV and would instead "prefer" to work on a nightly current affairs show.
Speaking to the Daily Telegraph earlier this year, Sam said, "I don't think I am done with TV."
"I am for now but I may someday get back in but it has to be the right role and it has to be at the right time."
However, she added that she would want her next role to be less high-profile than Sunrise, saying the scrutiny she faced had put her off.
"I am quite happy not to go at the pace or at the level I was at before because I don’t think that brought me much happiness," she said.
Sam left the show in March after eight years hosting alongside David 'Kochie' Koch.
Before her contract does expire, Sam is rumoured to be set to appear on Dancing With the Stars.
According to New Idea, a production source said: "They still see Sam as a big star and [Seven] think there's real potential in her entering prime time."
The insider also added that the addition of Sam to the program – which featured the likes of Home and Away star Ada Nicodemou, Luke Jacobz, Manu Feildel, and Schapelle Corby last season – would be "ratings gold".
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