Band member Lee Latchford-Evans confirmed that the group had been approached to do a string of live shows but insisted that there were no immediate plans to get back together.
"We all had a fabulous time in Steps and the success we had all over the world was amazing," Music-News quotes him as saying.
"There have been some offers put to us to get back together and do a tour but it isn't the right time right now.
"We are all still friends and get along fine so a reunion is something I don't rule out. I just can't see it happening right now."
The star, who was briefly in reality TV pop band Upper Street, added that he wanted to focus instead on new projects.
"I am enjoying getting away from the cheesy pop image with my acting. I have just played the part of an alcoholic, gambling addicted thug in a movie called Ten Dead Men and it was brilliant - about as far away from my image in Steps as you can get.
"Steps was light hearted, bubble gum, cheesy pop, so playing the part of gangster was certainly a departure for me.
"I’m heavily into fitness and don't really drink so it was great to play a part that was so dark and sinister, so different to my own character and from what I've done in the past."
Steps enjoyed fifteen consecutive Top 10 singles and four Top 5 albums before disbanding in December 2001. Band members H and Claire went on to achieve limited success as a duo.