Chloe Sims, 31, and 33-year-old Gemma Collins are both said to have caught the producer's eyes, but there is only one place up for grabs.
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Former The Only Way Is Essex stars Mark Wright and Joey Essex both previously entered the jungle, and it is thought that show bosses are keen for someone else from the reality show to emulate their success.
A source told The Sun: "Bosses really want to sign a reality TV star after the success of Mark Wright and Joey Essex around the Aussie camp fire. Gemma has had one meeting but talks are more advanced with Chloe. Bosses seem to like her.
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"They think she will be a big hit with male viewers, as she'll be more than happy to parade around in a bikini."
The TOWIE cast are currently in Ibiza filming for the new series of the show and, after being absent from the last series, Mario Falcone has returned.
He was left out of the last series after video footage showing what appeared to be him taking drugs leaked.
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But following his apology earlier this year it seems all has been forgiven as he landed in Ibiza with the rest of his co-stars.
Speaking previously of the leaked footage, Mario said: "I would like to publicly apologise to my loyal family and friends, all of my co-stars on TOWIE, to ITV and most importantly to the fans."