John Galliano is tipped for a job at Maison Martin Margiela.

The 53-year-old fashion designer - who was fired from Dior in 2011 for making racist slurs outside a Parisian café - was recently given a second chance in the industry with a job at Russian cosmetics company L'Etoile and is now rumoured to be planning a move to the esteemed Parisian-based fashion house.

It was reported earlier today that he had already entered into talks with Margiela to design a couture line for the luxury brand.

A source told the New York Post newspaper's Page Six column: ''Galliano has been talking to Margiela to take the brand into haute couture. He has already hired five or six staff members for his atelier in Paris.''

John hasn't kept quiet about his desire to return to fashion design and insists he has so much more to offer to the industry.

He previously said: ''I have yet to design my best collection.

''The new Galliano will be even bigger and better... I love working, it's my therapy. I can draw until four in the morning every night and not feel tired... I've come face to face with my demons, medicine and alcohol. I have rebuilt myself again.''

However, Renzo Rosso - who is acting president of OTB, the company which acquired Maison Martin Margiela in 2002 - rubbished rumours the shamed designer was set to join the company but didn't rule out a collaboration with him in the future.

He said: ''Who wouldn't like to work with him? If he ever got back his name, I would be the first to produce his collections.''