King Charles III’s coronation is approaching, and his disgraced brother may want a role in public life again.

According to reports, Prince Andrew is allegedly assembling a $12 million "war chest" to launch a legal case against sexual abuse accuser Virginia Giuffre in a bid to force her to retract her allegations.

An attorney for the royal didn’t immediately respond to Fox News Digital’s request for comment.

The news came shortly after Buckingham Palace announced the coronation weekend in May will include a star-studded concert at Windsor Castle to be broadcast live by the BBC, along with multiple community and service-based initiatives.

PRINCE ANDREW BUILDING $12M LEGAL 'WAR CHEST' TO DEMAND VIRGINIA GIUFFRE RETRACT SEXUAL ABUSE CLAIMS: REPORTS

Prince Andrew, Duke of York attends the Christmas Day service at Sandringham Church

Prince Andrew, the Duke of York, was last publicly seen attending the Christmas Day service at Sandringham Church in Sandringham, Norfolk, England, on Dec. 25, 2022. (Samir Hussein/WireImage)

Some royal experts told Fox News Digital it’s unlikely the Duke of York will return to royal duties now that Charles, 74, is king. Their mother, Queen Elizabeth II, died in September at age 96.

"I have a hard time believing anything about support from the top for Andrew rebuilding his reputation and public life," royal expert Shannon Felton Spence told Fox News Digital. "The king and Prince of Wales [Prince William] know how damaging he is, and they made it known even before the queen’s death that they would not tolerate him or entertain any path back to public life."

Jeffrey Epstein Prince Andrew

Prince Andrew, right, acknowledged that Jeffrey Epstein, left, trafficked "countless young girls" over many years and said he "regrets his association with Epstein and commends the bravery of Ms. [Virginia] Giuffre and other survivors in standing up for themselves and others." (Getty Images)

"Andrew can have his PR team spin out all the stories possible about what the queen’s wishes were," she shared. "The cold hard truth is that there’s a new boss in town. Look, Charles’ plans for the future of the monarchy never included Andrew. Even before all this. A slimmed-down monarchy focusing on value for the public was only ever going to include Charles, his sons and their families. Now with Prince Harry out, we can expect the primary focus of the monarchy to increasingly be the king, the queen consort, as well as the Prince and Princess of Wales."

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"The king and Prince William are on a protect-at-all-cost mentality," Felton Spence added. "I am sure he will be invited, as will Princess Anne and Prince Edward, but he isn’t going to be in a public role. All of this is about whether Andrew can regain his status. He cannot and will not, regardless of the coronation."

Prince Andrew and King Charles attending a church service to honor the queen

King Charles III, right, ascended to the throne Sept. 8, 2022, with his coronation set for May 6.  (Max Mumby/Indigo/Getty Images)

In a lawsuit filed in 2020, Giuffre accused the British prince of sexually exploiting her on three occasions in 2001 when she was 17. Though Andrew, 62, has denied wrongdoing, he agreed to an out-of-court settlement paid to the American woman in February 2022 amid pressure from Buckingham Palace that damaging headlines were distracting from the queen’s Platinum Jubilee.

The settlement amount was reported to be anywhere between $3.6 million to $14.8 million.

The Telegraph reported that Andrew consulted with his attorneys after Giuffre dropped a separate sexual abuse lawsuit against American lawyer Alan Dershowitz in November. Andrew's lawyer didn’t immediately comment on the news at the time.

In a statement, Giuffre said she had "long believed that I was trafficked by Jeffrey Epstein to Alan Dershowitz. However, I was very young at the time, it was a very stressful and traumatic environment and Mr. Dershowitz has from the beginning consistently denied these allegations.

virginia roberts giuffre and alan dershowitz in separate photos

Alan Dershowitz said he was gratified claims were withdrawn and Virginia Giuffre has admitted she may have made a mistake. (Getty Images)

"I now recognize I may have made a mistake in identifying Mr. Dershowitz. This litigation has been very stressful and burdensome for me and my family, and we believe it is time to bring it to an end and move on with our lives."

Hilary Fordwich told Fox News Digital that Andrew, being a member of the royal family, is invited to the coronation. However, he’ll likely minimize his appearance to avoid controversy on a historic day.

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"Currently, Prince Andrew is invited to the coronation but, like Prince Harry, he won’t be required to kneel before King Charles to ‘pay homage’ as only Prince William will be kneeling," Fordwich explained. "This is a break from tradition where all dukes would kneel in homage.

"Charles, known for his big heart, is a very different soul from his wayward younger brother," she added. "After many decades of difficulties between them and divided by differences in personalities… it is seen as highly unlikely King Charles would risk a return by Prince Andrew to the royal fold or risk jeopardizing the reputation of the monarchy."

King Charles speaking sternly to his younger brother Prince Andrew

Royal experts pointed out King Charles III has long yearned for a scaled-back monarchy. (Max Mumby/Indigo/Getty Images)

"But there was a test of how the public would receive Prince Andrew at Christmas when he joined the family for their traditional walk to the church at Sandringham," Fordwich pointed out. "After that seemed to go smoothly, the king is more likely to allow him again to join the family in public. In addition, Prince Andrew is known to have been pushing to pursue business interests which are also under consideration."

Royal commentator Richard Fitzwilliams told Fox News Digital that the recent developments between Giuffre and Dershowitz have reportedly given Andrew hope he could clear his name and turn his royal status around. Still, it’s unlikely the public will welcome him back with open arms.

Virginia Roberts Giuffre holding a photo of her younger self

Virginia Giuffre holds a photo of herself at age 16, when she said Palm Beach multimillionaire Jeffrey Epstein began abusing her sexually. (Emily Michot/Miami Herald/Tribune News Service via Getty Images)

"Andrew faces a seemingly insurmountable problem when it comes to the court of public opinion," said Fitzwilliams. "His ratings have been execrable ever since his interview with the BBC’s Emily Maitlis on 'Newsnight' in 2019. In it, he expressed no sympathy for Epstein’s victims and said he didn’t regret knowing the deceased pedophile. He appeared to the public to be an entitled imbecile. 

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"It was so catastrophic it will be studied by students of public relations as an example of how not to handle the media. His weird comments about not being able to sweat and his visit to the Pizza Express in Woking made him a national joke."

"The hostility of the public and the media is such that any appearance by Andrew in public is highly controversial," Fitzwilliams added. "King Charles and Prince William are said to be in total agreement that he has no future as a working member of the royal family. 

"The irony is that even if he were to have some legal success, it would end up harming the monarchy as he is considered such an embarrassment to the institution he once served."

Prince Charles, Prince of Wales, Queen Elizabeth II and Prince Andrew, Duke of York watch a flypast from the balcony of Buckingham Palace during Trooping The Colour, the Queen's annual birthday parade,

From left: Prince Charles, Queen Elizabeth II and Prince Andrew watch a flypast from the balcony of Buckingham Palace during Trooping The Colour, the Queen's annual birthday parade, in London on June 8, 2019. (Max Mumby/Indigo/Getty Images)

Though Andrew has denied the sexual abuse allegations made against him, royal experts argued that the damage is long done.

The prince, who has long been believed to be the late queen’s favorite son, was stripped of his honorary military roles. Before her death, the queen also removed his honorary leadership of various charities, known as royal patronages, and barred him from using the title "his royal highness" in official settings.

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The council in the northern city of York voted unanimously to withdraw the prince’s "freedom of the city." The honor was awarded to Andrew in 1987 after the queen made him the Duke of York. He is the first person to be stripped of the status, an honor that dates back to medieval times. Local leaders have since argued that Andrew should also lose the title of Duke of York. A spokesperson for Andrew declined to comment at the time.

The king’s coronation is set for May 6 at Westminster Abbey.

Fox News Digital's Danielle Wallace and The Associated Press contributed to this report.