Norman is believed to be more interested in heading up a private equity investment rather than running a public company, but persistent stories that he could be parachuted in to the troubled Morrisons refuse to go away.
Today's reports suggest that the ex-Tory MP could be lured by a substantial payment package by deputy chairman David Jones, who won his bid to place three non-executive directors on the board earlier this week.
The appointment of Norman who, along with Allan Leighton, turned Asda into a supermarket powerhouse during the 1990s, would undoubtedly delight investors and an emboldened Jones has a stronger hand after this week's boardroom victory.
However, Norman is unlikely to consider any deal unless it has the backing of Sir Ken Morrison.
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