Former British prime minister Tony Blair is advising Albania's Socialist Party, which is on the verge on grabbing power in the impoverish southern European nation.

The deal "could be worth millions of pounds," according to a report in the U.K.'s Mail Online.

Albania is negotiating entry into the European Union, a move that would be an economic shot in the arm.

The Socialists have tapped the British politico For counsel on how to effect structural reforms similar to those adapted by his New Labour Party.

Socialist Party chief Edi Rama, via Twitter, said Blair and his team will work for the new government in the likely event that his group assumes power in the aftermath of next month's election.

Due to NATO's 1999 action against arch-rival Serbia in 1999, Blair is viewed as a hero in Albania.

Blair as advised countries including Brazil, Kuwait, Kazakhstan and Colombia. His government advisory practice is called Windrush Ventures.