Rumors about the 76-year-old Berlusconi's intention to run again for office have been floating around for months.

Italy's former Prime Minister Silvio Berlusconi said Saturday he would run again as his country's leader, signaling a return to the limelight for the nation's most flamboyant politician.

The billionaire resigned as prime minister just over a year ago at the height of his country's debt crisis, bringing to an end an 18-year era in which he dominated Italian politics.

Since then, Italy has been run by an unelected, technocratic government headed by economist Mario Monti.

Monti plans to step down after passage of a national budget and stability measures, Italian President Giorgio Napolitano said in a statement Saturday after meeting with Monti.

"The prime minister doesn't consider it possible to further carry out its mandate and thus he expressed his intention to resign," it read.

If Monti resigns before the new year, elections could be held as early as next February, a few months earlier than the natural end of the legislature.

In a message posted on his website and Facebook page, Berlusconi said: "I'm besieged by my people that are requesting that I get back in the battlefield leading the People of Freedom, PDL party."

He said the center-right coalition had searched for a new leader, but there was no one to replace him.

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