Michael Bloomberg is reportedly still thinking about running in 2020

It's been more than seven months since former New York City Mayor Michael Bloomberg announced he wouldn't run for president in 2020, but he's reportedly still thinking about doing it anyway.

Bloomberg has been telling associates recently that "Joe Biden's recent struggles against Sen. Elizabeth Warren are making him rethink his decision to stay out of the 2020 Democratic primary," CNBC reports.

“I think it's something he wants," an ally of Bloomberg's told CNBC. "He has not been shy about that."

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There's a catch, though: In this hypothetical scenario, Biden would apparently need to drop out of the race early on in the primaries. "Nothing can happen unless Biden drops out, and that's not happening anytime soon," the Bloomberg ally told CNBC.

Axios similarly reported way back in April that Bloomberg would reconsider his decision not to run if Biden didn't get into the race. Biden did announce his candidacy soon after, but with Sen. Elizabeth Warren (D-Mass.) overtaking him in some national polls recently, Bloomberg is apparently doing that reconsideration as we speak, even with just four months left to go until the Iowa caucuses.

"He's like everyone else," a Bloomberg associate told CNBC. "They can't get it out of their system." He can't get teasing the increasingly unlikely idea of a late entrance into the race out of his system, at least.