Washington, August 24 (RHC)-- U.S. Vice President Joe Biden has been in contact with longtime aides and donors who could help finance a viable presidential campaign against well-funded candidates in the 2016 race, reports say.

Although Biden has not made up his mind yet, his advisers said the vice president and his aides have begun working out issues like fundraising and an early primary state strategy, The Associated Press reports.

At his secluded family home in Delaware, Biden has huddled with longtime confidantes, Mike Donilon, a lawyer and political campaign consultant, and former Senator Ted Kaufman, as well as with his grandson, Hunter Biden, and his sister, Valerie Owens Biden, who has played a key role in all his previous campaigns.

The team has settled on a one-month window starting from September 1st, in which Biden could potentially announce plans to run for president, according to AP. Advisers say that if Biden does not enter the race by October 1st, it might be too late for him to get the petition signatures and delegates lined up for the ballot in early primary states.

That is assuming that the Democratic frontrunner Hillary Clinton sustains her position in the race. If Clinton's campaign were to grow weaker, as her falling poll numbers and an unfolding e-mail scandal suggest, Biden could launch a viable effort much later and still remain competitive.

Already, some Democrats supporting Clinton have indicated that they would reconsider their support if Biden joined the race. Among them, according to The New York Times, is Tom Daschle, an influential former Senate Democratic leader who has donated the maximum amount allowable to Clinton's campaign.

Biden's supporters have said that if he does decide to run, he will portray himself as an heir to President Barack Obama's legacy -- which some political analysts say may or may not be such a good idea.