Mitt Romney will reportedly announce his 2016 decision today

Mitt Romney (R) will announce his plans for the 2016 elections on Friday morning, according to multiple reports.

Supporters of Romney's 2012 presidential campaign received an email Thursday inviting them to join a call with Romney on Friday morning for "an update."

Sources have confirmed to Bloomberg that Romney is ready to announce a decision about a potential presidential bid in 2016. "According to people familiar with the thinking of the two-time presidential candidate, Romney has now gathered all the information he needs to reach a conclusion about whether to run a third time," Bloomberg reports.

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The news comes as David Kochel, an Iowa-based Republican strategist who worked on both of Romney's presidential campaigns, has joined Jeb Bush's political action committee as a senior strategist. Kochel advised Romney for more than six years.