Alistair Darling is set to be given a peerage and enter the House of Lords, according to Labour Party sources.
The former Chancellor and Edinburgh South West MP, who stood down at the election in May, has been included in the Dissolution List drawn up by Ed Miliband.
Former Home Secretary David Blunkett is also believed to be on the list. Traditionally, party leaders make their recommendations of who they would like to get peerages before elections.
A Labour Party source was quoted saying: “Blunkett and Darling are nailed on.”
The 61 year-old led the Better Together campaign during the independence referendum. He was tipped for the Scottish Labour leadership following the resignation of Johann Lamont, but said he wanted to retire from politics while he was “still relatively young”.