Disney CEO Bob Iger (above with his wife, journalist Willow Bay at the Oscars on Sunday) is rumored to be considering a presidential run

Disney CEO Bob Iger is considering a move in to politics and is primed to make a 2020 run for president, sources close to the businessman said on Wednesday.

Iger, 66, has even consulted his good friend former New York City Mayor Michael Bloomberg about a possible run, according to The Hollywood Reporter.

His rumored foray into politics comes after years of encouragement from fellow Democrats to run for office.

In June, Iger said he wouldn't rule out in public service but did say it wouldn't be for governor or senator.

He plans to remain at Disney's helm until 2018, after which point he will be free to launch a second career.

President Trump's jump straight from the boardroom to the White House is now reportedly fueling friends' hopes he will now reconsider.

Iger has not commented on the rumors. Disney did not immediately respond to requests on Wednesday night.

In June, he told THR how he wanted to 'give back in some way'.

'I will not be specific about any office. I wouldn't rule in or rule out.

'Honestly, I'm interested in politics, I'm interested in giving back in some form, performing some sort of civic duty.

'But I'm not exploring a run for governor or senator or anything along those lines. I'm focused on running Disney,' he said.

Willow Bay, Iger's journalist wife, is opposed to the idea.

Iger is already said to have consulted his friend, former New York Mayor Mike Bloomberg (above together with their wives in 2007) about making the transition from business to politics

Iger will remain at the helm of Disney until 2018 but said he would not rule out a foray into public service

'My wife is dead against it and has said, "Not with this wife"'. My relationship with her is good enough and important enough to me to not challenge her convictions in that regard,' he said in a November interview with Variety.

Iger is not the first business heavyweight to have his name thrown around in speculation over who may run on the Democratic ticket in 2020.

Facebook CEO Mark Zuckerberg is one possible contender having embarked on a ministerial tour of the US's 50 states which Silicon Valley sources say is in aligned to his new focus on public persona.

Former New York Mayor Mike Bloomberg, who he counts as a friend, took office in 2001 after a dazzling career in business.