Jon Huntsman, the U.S. ambassador to Russia and former Utah governor and presidential candidate, is reportedly considering a bid to again serve as Utah governor.

The Deseret News, citing a source, reported Monday that Huntsman has not ruled out running for what would be his third term as governor. The Republican was originally elected as Utah's governor in 2004 and was reelected in 2008.

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Huntsman declined to say whether he will run, telling the newspaper that there is "nothing to consider until our current commitment is done."

The Deseret News noted that Huntsman stepped down as governor in 2011 to serve as the U.S. ambassador to China in the Obama administration.

He was replaced by current Gov. Gary Herbert (R), who is not expected to run again next year, according to the Deseret News.

Jason Perry, currently the head of the University of Utah's Hinckley Institute of Politics and formerly Herbert's chief of staff, told the Deseret News that Huntsman would be the favorite if he entered the race. He said Huntsman left in 2011 "as a very popular governor."

"His experience has only increased since then," Perry added.