Lawrence Springborg has refused to confirm whether he will nominate for the Liberal National Party leadership.
Mr Springborg is seen as the main contender after Premier Campbell Newman stepped down following his defeat in the seat of Ashgrove last Saturday in the Queensland election.
The LNP will hold a meeting on Saturday to decide on its new leader. Tim Nicholls, Scott Emerson and Fiona Simpson are believed to be among those vying for the job.
When asked if he would put his hand up for the position, Mr Springborg, who has previously led the Liberal-National coalition and was health minister in the Newman government, indicated he had yet to finalise his decision.
"That will be a matter for conversations with my colleagues over the next 24 to 36 hours," he said.
"I respect the party room and it will be ultimately their choice."
Mr Springborg also backed a decision to cancel a party meeting earlier this week, saying the uncertainty over several seats meant many members would not have been able to have their say.
He added independent MP Peter Wellington's decision to side with Labor in the parliament - based on "stability" for the state - was far from a lethal blow to the LNP's hopes of retaining power.
The veteran MP said several seats were undecided and a by-election in Ferny Grove looked almost inevitable after Palmer United Party candidate Mark Taverner was deemed ineligible.
"This has a long way to go," Mr Springborg said.
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