Joe Biden is reportedly assembling a political action committee, putting him on the map for a potential 2020 run.

The former vice president is planning to announce the PAC on Thursday, the New York Times reported Wednesday. His former aide, Greg Schultz, will lead the effort. On the surface the PAC would serve as Biden's way to help the Democratic Party with the 2018 midterms, raising money and campaigning on his allies' behalf.

According to another report from Politico, the group will be called American Possibilities.

American Possibilities will be "dedicated to electing people who believe that this country is about dreaming big, and supporting groups and causes that embody that spirit," the PAC's launch materials say.

The reports provide the clearest indication yet that Biden, 74, is angling to be the Democratic Party's standard bearer in the 2020 presidential run. Biden was considering a run in 2016, but opted to stay out of the race due to the passing of his son Beau in 2015 due to brain cancer.

However, a step in the direction of a 2020 bid would contradict what Biden has been saying publicly about his political ambitions moving forward.

"Could I? Yes. Would I? Probably not," he said recently in at an event in Las Vegas.