Millard "Mickey" Drexler, the former CEO of Gap Inc, has set his sights not on a new job but on a new company according to reports.

Crain's New York Business believes he is eyeing Polo Ralph Lauren's Club Monaco retail chain, which has turned in a disappointing performance since its acquisition in March 1999.

Drexler, contacted by The New York Post, said he's interested in "anything and nothing at the same time," but declined to comment further.