Lorgat, along with current acting CEO Jacques Faul, are among the candidates who may take up the top role in CSA subject to a complete restructure of the board.
"I thought I would initially take some time out from cricket after leaving the ICC but I have been heartened by the early progress I see at CSA," Lorgat told 'ESPNcricinfo'.
"With their Board now committed to restructure, I would be happy to consider a formal approach," he added.
Majola's suspension after ministerial inquiry chaired by judge Chris Nicholson, found that he had breached the Companies' Act when R4.7 million (USD 671, 428) was paid to staff in bonuses following the successful hosting of the IPL 2 in 2009.
Nicholson found that CSA lacked sufficient corporate governance and recommended a complete overhaul of the composition of the board.
CSA's board comprises 22 members, 11 of whom are the presidents of the provincial affiliates, three are black African representatives while eight others are directors, four of whom are independent.
Nicholson recommended a smaller board with more outsiders, stating that the advantages of using "outsiders" instead of people who become administrators through the cricketing ranks (starting from club level) will benefit a professional body like CSA.
In accepting the recommendations of the Nicholson report, CSA agreed, in principle, to restructure its board.
But a new CEO's appointment would only take place in September, even though Majola's disciplinary hearing is scheduled to be complete by May 31.
