Former Ford Motor Co. CEO Jacques Nasser is said to be interested in investing in the auto maker’s Land Rover and Jaguar premium brands.

Citing “four people familiar with the discussions,” a Bloomberg News report says Ford is in talks with JPMorgan Chase and Co.’s One Equity Partners LLC, where Nasser serves as the senior partner for mergers and acquisition.

A deal with Nasser could result in a “joint venture rather than an outright acquisition,” the report says, noting it is not clear whether talks have advanced beyond the preliminary stages.