According to In Touch Weekly, the former Cheers star could be among the famous faces competing on the ABC show's 11th season.
Other stars rumoured to be in contention include David Hasselhoff, singers Michael Bolton and Brandy, and Bachelorette couple Ali Fedotowsky and Roberto Martinez.
Ex-Arizona Cardinals quarterback Kurt Warner, Jersey Shore star Mike "The Situation" Sorrentino, Dallas Cowboys player Troy Aikman and Hills regular Audrina Patridge have also been linked to the new series.
ABC declines to comment on casting rumours each season.
The new cast will be revealed in a live press conference during the August 30 episode of Bachelor Pad, which airs from 8pm.
Dancing With The Stars returns September 20 on ABC.