The former resident of St Paul's in Cheltenham is rumoured to be taking part in a celebrity diving show called Splash.
The ITV1 show, hosted by Vernon Kay and international gymnast Gabby Logan will Olympic medal-winning diver Tom Daley training up stars.
Other contestants are said to include Katie Price's ex LeandroPenna and TOWIE's Joey Essex.
In the show, the star contestants will try to make their finest high dive as experts rate their efforts and viewers vote for their favourites.
The ski jump flop, who now lives in Stroud, gained notoriety when he finished last in two events at the 1988 Calgary Winter Olympics.
His bizarre achievement was last year voted the funniest Olympic moment of all time by sports fans.
Before taking to the slopes, Eddie was a plasterer, and became Britain's first competitive ski jumper, showed when he took part.