Former Valencia President Amadeo Salvo is reportedly at the head of a group looking to resurrect UD Ibiza, who folded in 2010.
Salvo left his post at Mestalla earlier in the summer and Super Deporte cite reports from the island that say he is to travel to the Balearics this week.
A meeting is expected to be held with representatives of the island to gather support for the project and the long-term aim of top flight football.