Katter's Australian Party will not be bound to any policy positions or support in Queensland's Parliament if it agrees to a deal with One Nation.
One Nation plans to make an announcement on Friday outside the Queensland Parliament related to sitting MPs, and there has also been speculation of a KAP-One Nation deal.
KAP state leader Robbie Katter said there were no agreements yet with other minor parties, such as One Nation, but confirmed his party was having discussions with others who "want to see the power of the major parties reduced".
"We believe for the upcoming election it is vital to ensure the major party duopoly is not restored," Mr Katter said.
"If we believe a preference deal with other parties or independents will achieve this objective we would be crazy not to consider it."
The next state election is not due until May 2018 but is widely expected to be held in the second half of 2017.
Commentators expect One Nation will secure as many as 12 seats in the next Queensland Parliament.
But Mr Katter said if a preference deal was struck, KAP would not be bound to any policy positions or support in the Parliament.
He pointed out that KAP and other minor parties and independents, including One Nation, did not agree on everything.
But he said One Nation also supported policies on canegrowers and taxi drivers.
Member for Buderim Steve Dickson defected from the LNP to One Nation in January, citing medicinal cannabis as the reason.
On Tuesday, Opposition Leader Tim Nicholls said no members of his team were planning to jump ship.
Fairfax Media spoke to member for Whitsunday Jason Costigan earlier this week who flatly denied there were any plans to leave the LNP.
Mr Costigan said the only ship he would think about jumping on was to one of his "beloved islands" in the Whitsundays.
There was some speculation after Mr Costigan was spotted in the carpark near where Mr Dickson held a press conference announcing his defection in January, which he described as a coincidence.
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