Ganzouri headed the government from 1996 to 1999, under the deposed president, Hosni Mubarak.
The state newspaper Al-Ahram said on its website, quoting sources close to Ganzouri, that he had had agreed in principle to lead a national government after his meeting with Field Marshal Mohamed Hussein Tantawi, head of the Supreme Council of the Armed Forces (SCAF).
The military council earlier accepted the resignation of caretaker prime minister Essam Sharaf's cabinet, amid continued unrest in Cairo and other major cities.
After the popular uprisings earlier this year, Ganzouri distanced himself from Mubarak in a television interview, prompting several Facebook pages to recommend him as a future presidential candidate.
Born in 1933, Ganzuri served as minister of planning and international co-operation before his first tenure as prime minister. He then made a name for himself by working to strengthen ties between Egypt and the World Bank and the International Monetary Fund.
TO READ THE FULL ARTICLE CLICK HERE: Egypt ex-PM 'asked to form new cabinet' - Middle East - Al Jazeera English
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