Nissan and Honda signed an MOU for a potential merger, which was later called off mainly due to Nissan's opposition to becoming a Honda subsidiary.
Toyota reportedly contacted Nissan for a possible partnership after the failed merger with Honda, according to Japan's Mainichi Shimbun national newspaper.
Toyota, already holding shares in other Japanese automakers, including Subaru and Mazda, is reviewing the report on the alleged discussions with Nissan.
Nissan, focusing on product launches, cost-cutting measures, and collaborations, aims to stabilize internally and recover from past strategic challenges.