The actor and his lover Angelina Jolie are said to be persuaded the sprawling California estate would be the ideal location to raise their family.

A source said: “Brad and Angelina are very interested in the property and will be closely following any developments involving the Neverland Ranch.”

Brad and Angelina - who have three adopted kids, six-year-old Maddox, Pax, three, Zahara, two, and 17-month-old biological daughter Shiloh - believe their kids would love the fairground rides and zoo at the 2,700-acre Santa Barbara ranch.

They are also said to have been surprised by the estate’s security system.

Previously, this week, it was reported Jackson had defaulted on three consecutive mortgage payments and was in risk of losing the property.

Jackson, who has owned the Neverland Ranch since 1988, was told to reimburse the $23,212,963 he owed on a $23 million loan within 90 days.

The ‘Thriller’ singer has barely lived at the ranch since police searched the property in 2003 in relation to child molestation accusations.

When he was cleared of all charges in 2005, Jackson left the US and moved to Bahrain.

He said: “I won’t live there ever again. It’s a house now. It’s not a home anymore. I’ll only visit.”

Jackson’s representative Raymone K. Bain insists his client isn’t concerned about the property going into foreclosure.

He said: “Mr. Jackson is in the final stages of refinance and will not lose the Neverland Ranch.”