"If nobody stands then I will contest, unless my eligibility criteria comes in the way," Jethmalani told PTI.
Earlier in the day, Jethmalani had indicated that he may enter the fray as he did not want the BJP Presidential poll go uncontested.
When asked, Jethlamani earlier told reporters, "I just said there should be a contest if Gadkari is contesting. If I decide to put up a token fight, I may stand."
Asked if he had spoken to any senior BJP leader about his plans, he said, "I am a small person, only an ordinary worker."
BJP's Chief Election Officer Thawarchand Gehlot also indicated that Jethamalani has expressed an inclination to contest the poll.
"Mahesh Jethmalani has not contacted me. Someone on his behalf had called me to seek a copy of the nomination papers and voters list," said Gehlot.
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Jethmalani resigned from the BJP's national executive in November last year against Gadkari's continuation as the party chief in the wake of allegations of financial wrongdoing by investor firms in Purti Group linked to him.
His father Ram Jethmalani also then spoke against Gadkari's continuation and questioned some other decisions of the party leading to his suspension.
BJP has already issued a notification for the party's president's elections, fixing January 23 as the date for filing of nominations, scutiny and withdrawal. The result would be declared the same day in case there is no contest and the election is unanimous. MORE