The late star's siblings are reuniting for the first time in over 20 years and apparently want to be joined on stage by their brother's image.
Jackie Jackson, 60, was impressed by the hologram of rapper Tupac Shakur, which performed with Snoop Dogg and Dr Dre at Coachella 2012.
"It could have been Michael - absolutely. Wouldn't that be wonderful?" he told The Sun.
"As a matter of fact, we had that idea two years ago for Michael's Cirque du Soleil show."
The Tupac hologram, created by a Hollywood special effects studio, cost over £100,000.
"As always with Michael's estate and creating new art with his image, there will be a lot of politics to navigate," a source added.
"But we've all seen how well it can be done now. It could be the most lucrative world tour of all time."
Watch the hologram of Tupac Shakur at Coachella below: