A Titanic enthusiast from Kent has taken on the role of project adviser to a team that hopes to raise the vessel.
The Titanic sank on its maiden voyage to New York
Bob Pryor, from Ramsgate, who founded the Titanic Society of Great Britain in the 1980s, has been appointed by marine surveyors Seawise.
The company has developed a system which would involve using gas to refloat the liner which sank in 1912, with the loss of more than 1,500 lives.
Mr Pryor said the project team would have to raise an estimated £18m-£24m.
"It is a lot of money," he admitted, and said it would be many years before the dream could be realised.
Most of the damage to the wreck is surface rust, Mr Pryor said
"We are looking into raising the money from various Eastern banks.
"There is a lot of interest out in the Far East - they seem to be very keen on the idea for some reason."
Titanic sank in the Atlantic Ocean on 15 April, 93 years ago, after setting sail from Southampton on its maiden voyage.
Mr Pryor, whose knowledge and enthusiasm about Titanic brought him to Seawise's attention, said most of the damage to the ship is surface rust.
"The hull is as sound as the day she went down," he said.
"Most of the damage to the superstructure has been done by man himself, ramming it with submersibles.
"But we've got the experts to be able to do it."