The New York Times reports that Walters is thinking about stepping down in May 2014.
The 83-year-old star of "The View" has been dealing with recent health problems. She suffered a concussion at the last presidential inauguration that turned into a case of the chicken pox.
Walters also underwent a successful heart bypass operation in 2010.
ABC has no comment on the report.
Walters was the first woman to anchor a network evening newscast and is known for her celebrity interviews.