New York Yankees legend Derek Jeter and former Florida Governor Jeb Bush are reportedly in line to assume ownership of the Miami Marlins baseball team, it was learned on Tuesday.

The retired baseball star and the longtime politician are heading a group of investors that submitted the winning bid for the South Florida club, according to Bloomberg Sports.

The news site cited anonymous sources familiar with the details of the negotiations, though no sales figure was given.

Bush and Jeter were once thought to be competitors for the Marlins, but earlier this month it was learned that they were working on submitting a joint bid for the ball club, the Miami Herald reported.

New York Yankees legend Derek Jeter (left) and former Florida Governor Jeb Bush (right) are reportedly set to buy the Miami Marlins baseball team

The two men were once thought to be competitors, though now sources have said they have submitted the winning bid for the ball club. Ichiro Suzuki (left) is seen greeting his Miami Marlins teammates during Opening Day introductions at Marlins Park in Miami on April 11

Jeter and Bush were vying for the team, which has also attracted interest from Wayne Rothbaum, the founder of New York-based Quogue Capital, a biotechnology investment firm.

Jeter is not the only former player reportedly seeking to move into an executive position.

Solamere Capital co-founder Tagg Romney was also said to be in the running to buy the Marlins. Romney's investment group included former All-Star pitcher Tom Glavine.

The current Marlins owner, Jeffrey Loria, bought the team in 2002 for $158.5million, according to the New York Post.

He is reportedly seeking to sell the team at a sum north of $1.5billion, though reports indicate the most likely sale price will drop to around $1billion.

Forbes magazine has valued the team at $940million.

Jeter, who retired in 2014 after a stellar career as the Yankees' shortstop, has always spoken of his goal of one day owning a baseball team.

He also has ties to Florida, where he owns a home in the Tampa area.

Jeb Bush most recently mounted an unsuccessful campaign for the Republican nomination for president in 2016.

The current Marlins owner, Jeffrey Loria (above), bought the team in 2002 for $158.5million. He is reportedly seeking to sell the team at a sum north of $1.5billion, though reports indicate the most likely sale price will drop to around $1billion

If the Jeter-Bush purchase is confirmed, it would be the Bush family's second foray into professional baseball ownership.

His brother, former President George W. Bush, once owned a controlling stake in the Texas Rangers before entering politics in the early 1990s.

In February, there were reports that Joshua Kushner, the entrepreneur and brother of President Donald Trump's adviser and son-in-law Jared Kushner, had a preliminary agreement to purchase the team.

The Kushner family, which has close ties to the White House, put the brakes on its negotiations to buy the Marlins because of a report team owner Jeffrey Loria may be nominated by President Trump to become ambassador to France.

The Kushners are the sons of New Jersey real estate magnate Charles Kushner.

Jeb Bush's brother, former President George W. Bush (seen left), owned the Texas Rangers baseball team before entering politics. Jeter (right), who retired in 2014 after a stellar career with the Yankees, has long spoken of one day owning his own team

In a statement released in mid-February, Kushner's brother-in-law, Joseph Meyer, said the family expressed concern the sale might 'complicate' the ambassadorship appointment.

'Although the Kushners have made substantial progress in discussions for us to purchase the Marlins, recent reports suggest that Mr. Loria will soon be nominated by the president to be ambassador to France,' the statement said.

'If that is true, we do not want this unrelated transaction to complicate that process and will not pursue it.

'The Kushners remain interested in purchasing a team and would love to buy the Marlins at another time.'

The New York Post reported earlier this year that Loria, a New York art dealer, is likely to be the next French ambassador.

The report named him as one of four people selected by White House chief of staff Reince Priebus for top diplomatic posts.

Loria is a longtime major contributor to the Republican National Committee, which Priebus led until taking the job with Trump.

Fundraising records show Loria gave $125,000 last fall jointly to the Trump campaign and RNC.

It has long been a presidential tradition to reward generous political donors with plum ambassadorships.