The Daily Telegraph reports the National Rugby League club has met with Williams' agent Khoder Nasser in the past week and will attempt to lure the headline grabbing All Black midfielder back to Bondi Junction with a lifetime contract.
Roosters boss Nick Politis wants Williams wearing a tri-colours jersey as soon as this year — and he's prepared to offer him a multi-million-dollar lifetime contract to make it happen.
It would be a playing contract for a minimum two years with a job as a club ambassador, mentor and corporate magnate after footba
The Roosters would need to approach All Blacks management to secure his release before the Rugby Sevens at the Rio Olympics.
Sydney have no shortage of cash available with $1.5 million spare in the salary cap after the departure of Michael Jennings to Parramatta and the likelihood of Mitchell Pearce being stood down.
Williams, 30, played for the Roosters between 2013 and 2014, claiming an NRL title in 2013.
He debuted for the New Zealand sevens team over the weekend in Wellington as they clinched the title with a last-gasp victory over South Africa.