NEW YORK CITY – Time Warner Inc. is considering a move from its Columbus Circle headquarters to Related Cos’ Hudson Yards development planned for Manhattan’s Far West Side, according to a report in the Wall Street Journal Monday. The story notes that the talks are in preliminary stages and Time Warner isn’t close to a decision, though the company is considering a move as part of its long-term strategy, unnamed sources say.

The negotiations are coming after Time Warner moved into Related’s mixed-use Time Warner Center at 59th Street and Broadway less than 10 years ago. According to the story, Related—which is currently seeking tenants for the redevelopment site over the Long Island Rail Road storage yard—is suggesting that a move could “save money and consolidate operations” for the company.

After the city approved the rezoning of 28th through 42nd street between Eighth and Twelfth avenues to allow residential and commercial uses there in 2005, Related signed a $1-billion long-term lease with the Metropolitan Transportation Authority to create 12.9 million square feet of office, residential and retail on the former manufacturing site in 2008. A spokeswoman for Related tells GlobeSt.com that the company could not comment on or confirm potential tenant conversations.