Following a couple days of fun and sun in Mexico, word is Giannoulias is meeting Friday with a group of Chicago aldermen who want him to run for mayor.
Giannoulias told Crain's Chicago Business he's just going to listen to what the aldermen have to say but wouldn't rule out a run altogether.
But as for who's contacting whom, at least one Chicago alderman said Giannoulias is the one who reached out to him.
"I want to talk to you," read a text received from the vacationing treasurer, according to the alderman.
Should Giannoulias get in the campaign, it would certainly put the Obama White House in an uncomfortable position. The president supported Giannoulias' senate campaign -- somewhat reluctantly -- after trying to draft other candidates to run. And President Obama already has had high praise for Emanuel, the former White House Chief of Staff.
Additionally, several of Emanuel's campaign or consultant staff worked on the Giannoulias senate campaign.
"I cannot fathom it. And I cannot fathom who would work for him," one of those staffers said Thursday.
While Giannoulias ultimately lost to Rep. Mark Kirk earlier this month, he is popular in Chicago, receiving nearly 80 percent of the local vote.
Mayor Richard Daley announced Sept. 7 that he would not seek a seventh term as the city's chief executive. Those interested in running for mayor have one week to file their campaign papers, beginning next Monday.