Speaking previously, a separate insider said: "Kanye is at the very top of the wish list, not Simon Cowell.
"Kanye is at the very top of the wish list, not Simon Cowell."
Although West - who has three-year-old daughter North and 15-month-old son Saint with his wife Kim Kardashian West - will reportedly not feature on the competition's critiquing panel, Ryan Seacrest is desperate to make a comeback and regain his position presenting the channel, which he had done for 14 years before it came to an end in 2016.
Speaking about the 42-year-old presenter - who is a producer on West's wife Kim Kardashian West's Keeping Up With the Kardashians - the source said: "Ryan Seacrest has put his name forward during his negotiations to come back as host and NBC are salivating over it.
"If Ryan hosting can help get them Kanye, that's a happy result for NBC."
Meanwhile, Seacrest has always hoped the show would "resurface" in the future.
Speaking previously, he said: "I just don't see a world where Idol doesn't resurface.
"We look at formats. We try to create shows. It's hard to believe that franchise doesn't resurface in some capacity, in some form, soon."
- Bang! Showbiz