Could the former King of Pop retrieve his crown with a spectacular run of comeback concerts?

Negotiations are at an advanced stage for the debt-ridden superstar to return to the stage with a residency of up to 30 concerts at the O2 Arena in London, the Times of London reported.

PHOTOS: Click here to see Michael Jackson.

The series, planned for the summer, would attract thousands of fans from across the world.

AEG Live, the company that runs the 18,000-capacity arena, has reserved dates for the shows.

Representatives of Jackson, 50, say privately that he is in better health than recent photographs suggest and could withstand the rigors of an intensive concert series.

“He is arguably the world's greatest entertainer and now Michael wants to seal his musical legacy,” a figure close to the discussions said.

Click here to read the full story from the Times of London. [an error occurred while processing this directive]