Mike Bloomberg is considering making Hillary Clinton his running mate, a source close to his campaign has told Drudge Report.

Polling found the Bloomberg-Clinton combination would be a formidable force to take on Trump in the race for the White House, the source said. 

Former New York City Mayor and Democratic candidate Bloomberg is said to be considering even changing his official residence from New York to Colorado or Florida - where he also has homes - because the electoral college makes it difficult for US president and vice-president to reside in the same state.

Under the Twelfth Amendment to the US Constitution, which provides the procedure for electing the president and vice-president, it states that the two people could not both inhabit the same state as the elector.     

Bloomberg's campaign would not confirm or deny the reports when DailyMail.com reached out for comments.  

'We are focused on the primary and the debate, not VP speculation,' Communications Director Jason Schechter said in a statement.