The Seven Network has purchased the international format rights to the highly successful reality adventure series, The Amazing Race.
A network insider confirmed the program was in pre-production, and that executives were discussing the finer details, the Herald Sun reports.
The local version will see teams of two race across the country in a number of challenges to secure the grand prize. It is unknown whether competing contestants will also travel internationally.
A presenter for the show hasn't been settled on yet, however, there is speculation that Phil Keoghan will be involved. The Emmy award-winning New Zealand television personality has hosted the original American series since its inception.
Other names being considered for the hosting role include network personalities Grant Denyer and Daniel MacPherson.
It is understood that Seven is prepared to invest significantly in the local version, attempting to create a program that mirrors the success of the international series. Additionally, a celebrity spin-off of the show is believed to be in consideration.
Media Spy discussion: The Amazing Race: Australia