The Scottish star - who shot to fame earlier this year after finishing runner-up on UK reality TV contest 'Britain's Got Talent' - is said to be thrilled at the prospect of being chosen for to lend her voice to the movie, which stars Daniel Craig and is due out in 2011.
Monty Norman, composer of the classic 007 theme music, thinks Susan would be a "great" choice.
He said: "They'll think seriously because she's got the right kind of sweeping voice".
Lee Pfeiffer co-author of 'The Essential James Bond' book, described Susan as "a throwback to those great days when the likes of Dame Shirley Bassey would be asked to sing".
The 48-year-old star has already shattered all chart records with her debut album 'I Dreamed a Dream'.
The LP sold an astonishing 411,000 copies in the UK in one week and over 2 million copies worldwide - making it the fastest-selling debut album by a woman ever.
It is still clocking up sales at an incredible rate.