Is Janet throwing her hat in the ring for The Jackson 3?

Pop legend Michael Jackson wanted his baby sister, R&B diva Janet Jackson, to take care of his three children, according to a scoop featured in Britain’s Grazia Magazine on Tuesday.

The “Thriller” star — who died last month at 50 — had reportedly discussed his wishes for his kids – Prince Michael I, 12, Paris, 11, and Prince Michael II, 7 — to be raised by his single sis in the event of his death and was even planning to draft a new will to reflect that wish.

“There was a lot of rifts in the family, but Janet was the one person he spoke to regularly and he made sure the children kept in touch with her too,” a source said. “Ultimately, he wanted Janet to look after the children, with help from his mother Katherine, and was planning to draft a new will to reflect those wishes. He trusted Janet implicitly.”

Michael’s most recent will, drafted in 2002, named his mother Katherine as the children’s guardian and nominated the star’s lifelong mentor, singer Diana Ross, as backup caretaker if anything should happen to his mom.

“When he had health concerns, he had a talk with Janet about how much she meant to him and the children, and how if anything happened to him, he wanted her to make sure the children would be loved and cared for in the same way he was raising them. She told him of course she would.”

Jackson insiders tell Grazia that Janet has the support of the family in her desire to become the kids’ permanent caretaker.

“The family think this could be a great idea – they are supportive of Katherine, but although she is in good health, she is nearly 80 and they are worried she is not up to the task. Janet is blossoming into a woman with tremendous untapped maternal instincts. The children automatically turn to her for comfort and direction.”