(CNN) - Sen. Ted Cruz, R-Texas, will meet with real estate titan Donald Trump on Friday afternoon in New York City, Michael Cohen, a spokesman for the billionaire, confirmed.
With Trump being a vocal figure on the future of the Republican Party, the meeting stirs more speculation that Cruz may be gearing up for a 2016 presidential bid.
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Trump was known as a power broker during the 2012 Republican primaries; multiple candidates ventured to New York City in search of the billionaire's blessing.
Both Trump and Cruz were in Iowa in August for the evangelical Family Leader Conference. It was one of many stops for Cruz to the Hawkeye State, as well as other crucial presidential primary states, this year.
Cruz contacted Trump within the last month to arrange Friday's meeting, according to a source familiar with the plans. It's scheduled to take place at Trump Tower at 2 p.m. ET.
Trump himself flirted with a presidential bid in 2011 and hasn't ruled out a potential campaign in 2016.
He told ABC News that he was willing to spend big on a presidential campaign - that is, if he decides to run for real this time.
"If I did it, I'd spend whatever it took," Trump told ABC's "This Week."