Stefanovic is also likely to co-anchor the program with fellow 60 Minutes reporter Allison Langdon in the all-new team. The pair worked together during the coverage of Prince Harry and Meghan Markle's wedding in 2018.
If the change is confirmed, Stefanovic and Langdon will replace Georgie Gardner and Deb Knight, who have faced low ratings throughout 2019. Last Friday, the Today show sank to an all-time low of 155,000 viewers in five capital cities, according to The Australian.
The reports come as Channel Nine's Sonia Kruger is set to join Channel Seven on a $4m over three years deal. Last month, the 54-year-old’s role on Channel Nine's Today Extra was rumoured to be under review as the network looks for ways to boost its ratings, according to The Daily Telegraph.
There is speculation that Kruger will host a number of prime-time roles - meaning she could return as the host of Big Brother. As a result, her roles on Nine's Today Extra and The Voice will be free for the taking for Knight and Gardner.
In the instance of Stefanovic rejecting the offer, Nine may look to Langdon’s Weekend Today co-host David Campbell or possibly even radio star Ben Fordham.
Instead, Stefanovic would continue to serve out the final year of his contract on 60 Minutes.