It was reported that disgraced cycling giant Lance Armstrong was considering admitting to the use of performance-enhancing drugs.

A report from the New York Times on Friday reported that the 41-year-old cancer survivor was considering a confession in order to restore his athletic career in triathlons and running events.

Armstrong attorney Tim Herman, however, denied that Armstrong reached out to U.S. Anti-Doping Agency (USADA) chief executive Travis Tygart and David Howman, director general of the World Anti-Doping Agency, according to the Associated Press.

Armstrong was stripped of all his results, including seven Tour de France titles, dated back to 1998 and banned for life by USADA for doping.

A report by USADA with detailed allegations of drug use by Armstrong's former teammates further battered his credibility in October last year although the Texan has never admitted doping.

Armstrong already lost almost all his sponsors and stepped down from the board of Livestrong, the cancer-fighting charity he founded in 1997.