It is believed that officials from the Irish Rugby Football Union (IRFU) will join representatives from the Northern Ireland Executive and Irish Government to outline their plans to jointly host the tournament.
An Irish bid would use both traditional rugby stadia, such as the Aviva Stadium in Dublin and Thomond Park in Limerick, while also hoping to use Gaelic football venues such as Croke Park, which hosted rugby internationals during the renovation of Lansdowne Road.
The Irish rugby team played their home matches at Croke Park between 2007 and 2010 while the Aviva Stadium was being built on the site of the old Lansdowne Road.
Ireland has never hosted a Rugby World Cup on its own, but hosted some games during the 1991 and 1999 tournaments.
Next year's Rugby World Cup will take place in England and Wales, with the 2019 edition to be hosted in Japan.
Other countries believed to be interested in hosting the 2023 edition include 1995 hosts South Africa, Argentina and Italy.