According to the Daily Mail, the spinoff has been inspired by the success of the Sex And The City movie.
Jennifer Aniston, Courteney Cox, Matthew Perry, Matt LeBlanc, David Schwimmer and Lisa Kudrow are all apparently keen to reprise their roles in the film.
"The box office success of Sex And The City has really got their wheels spinning about how a Friends film could be just as big, if done right," said a source.
"Timing and the script are really important, but now that Courteney and Jen both have production companies, they can potentially get very involved in those decisions."
The insider added: "What's held back a Friends movie so far is that people worried that Jennifer had simply become too famous to play Rachel again.
"But the truth is that Jennifer is finally willing to do it, and she'd love to work with that whole team of actors and producers again."
Friends aired its final episode on NBC in 2004.
In Pictures: 'Friends' then and now