DMK president M. Karunanidhi's eldest son M.K. Alagiri Monday said he would decide on floating a new party in two months' time.
Speaking to reporters here, Alagiri said he would discuss with his supporters and take a decision.
Jan 24, the DMK temporarily suspended Alagiri for creating confusion in the party ranks and criticising the disciplinary action taken against some colleagues for "anti-party activities".
Alagiri, 63, son of Karunanidhi, 89, is opposed to his brother M.K. Stalin, 61, being elected to the party's top post.
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