The entrepreneur is the latest celebrity name to be linked to the much-loved reality show, with an insider telling The Sun Duncan is "really excited" about venturing into the jungle.
They told the paper: "Duncan is really excited about I'm A Celebrity and sees it as a new challenge after Dragon's Den."
Fans of I'm A Celeb will recognise Duncan from his stint as a panellist on the BBC Two show which sees contestants pitch for financial investment. He was an original 'dragon' on the show when it first aired and has starred on it for twelve series.
Duncan will join a whole host of familiar faces when the new series kicks off on ITV, with former X Factor judge Louis Walsh recently teasing he too "could be" a part of the lineup.
When questioned by BBC Newsbeat if we will be seeing him take on any of the famous Bushtucker Trials, Louis teased back: "Let's see what happens. That is all I am saying. I'm not saying I said no, I am not saying I said yes. Let's see what happens."
Like Louis, Anne Robinson has been heavily tipped for the show after ITV reportedly offered her £750,000 to appear. Former Hollyoaks star Stephanie Davis has also been rumoured and Gemma Collins is thought to have had 'advanced talks' with show bosses to see if she can return for a second time.
Ex-TOWIE star Gemma first ventured to the jungle last year, but quit after just three days in camp.
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