According to the site, the late King of Pop's estate is "seriously considering" such a move, setting up a new Vegas-based Neverland as a Graceland-like homage to the late King of Pop.
The property is currently owned by Colony Capital, an investment firm that prevented the home from being auctioned off when Michael ran into financial difficulties in recent years.
According to an E! source, the company plans to move the residence directly.
"The idea is to take physically everything that's not part of the dirt and reassemble it in Las Vegas," the source said.
And another source explained that proposals in the works for Neverland include a possible museum, theater and – if approved by the Jackson family – a burial ground for Michael.
A burial location for the star, who died on June 25, has yet to be revealed.
Neverland is currently located in the Santa Ynez Valley, a locale just north of Santa Barbara, Calif.
Related Content from AccessHollywood.com:
PLAY IT NOW: Inside Michael Jackson's Neverland, Part I
PLAY IT NOW: Inside Michael Jackson's Neverland, Part II