The Colmont School could be open again for 2023.
Negotiations with an interested party are under way and administrator Cor Codis is trying to secure the party as a buyer.
The party, represented by Ayub Kahn, is in the process of making an application to the Victorian Registration And Qualifications Authority for the school’s reinstatement in 2023.
It is speaking to former staff and students to help in this process.
The interested party is also in negotiations with the campus landlord to secure the lease.
Previously, State Member for Euroa Steph Ryan had requested in parliament that all options be canvassed before the VRQA de-registered the school.