Elton was one of the celebrities approached about presenting the last ever edition of Channel 4 Television's controversial series TFI Friday, reported the Guardian newspaper November 1, 2000.
The vacancy has come up following presenter Chris Evans' decision to pull out of the show ahead of its demise in December.
Ginger Productions is lining up a series of guest presenters for the final series, which starts on November 10, 2000, with the Spice Girls in the interview seat.
It is understood that This Morning presenters Richard Madeley and Judy Finnigan will now front the final episode, to be shown just before Christmas.
British TV viewers will remember a controversial episode of TFI Friday in September 1997, when Chris Evans' guest was Elton - who trivialised the late Mother Theresa after Diana, Princess of Wales' funeral.