Minister of state for External Affairs Shashi Tharoor is going to marry Sunanda, a trained beautician from a Kashmiri family, reports the Mumbai newspaper DNA.
Sunanda runs a spa. She has lived in Dubai and is keen to return to India, the report said.
The new lady in Tharoor's life has been seen with him at social functions.
The minister's confidantes have confirmed that a wedding is set to take place after Tharoor and his current wife, Christa Giles, complete their divorce.
Giles, a Canadian civil servant who works with the US on disarmament issues, is said to be undergoing a messy legal separation from Tharoor.
Christa Giles is Tharoor's second wife; he was earlier married to academic Tilottama Mukherji, whom he knew from his school days in Kolkata.
If the marriage with Sunanda takes place, Tharoor's wife will become the next 'daughter-in-law' of UPA-II government. Earlier, minister of state for Petroleum Jitin Prasad married in February while in office.
Interestingly, Tharoor is not the only minister in South Block to be in the midst of a marital crisis.
Perneet Kaur, the other minister of state working under foreign minister SM Krishna, is estranged from her husband Amarinder Singh, former Punjab chief minister.
Amarinder Singh is in a very public relationship with Pakistani journalist Aroosa Alam. The upshot of all this is that neither minister of state in the MEA can attend official functions accompanied by a spouse, says the report.
Sources close to the 54-year old Tharoor declined to comment on the reports, urging the media to respect his privacy. "He will announce whatever, when he has something to announce," the sources said.