Evans has been lying low since he was sacked from his job at Virgin Radio last year, after he had previously sold the station to Scottish Media Group. He was sacked after failing to turn up to present his breakfast show.
At the Edinburgh Television Festival, Evans said that he was in talks with venture capitalists to take a stake in a TV channel, with word circulating that he is looking at a 35% stake in Channel 5.
Evans used to own the Virgin Radio-owning Ginger Media Group, but sold it for £75m to SMG in January 2001 -- only months before the media bubble burst.
In Edinburgh, Evans, who was last seen as the host of 'TFI Friday', told delegates that watching television in the US had seen him "fall back in love" with the format.
Last week, it was revealed Evans was working on producing a new Channel 5 chat show with Radio 1 DJ Chris Moyles as presenter.
He is also producing a morning show for Channel 5 with his former 'Big Breakfast' co-host Gaby Roslin, and possibly Terry Wogan; and a Saturday night show for Channel 4.
However, he has ruled out a return to presenting himself, saying: "Presenting is an entirely different thing and trying to do both doesn't work."
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