The 22-year-old singer has reportedly begun house-hunting in the UK and is ideally looking for a place close to the £3 million home in the Primrose Hill area of the city which the One Direction hunk - who she has been romantically linked with since splitting from Conor Kennedy - bought earlier this year.
A source told LOOK magazine: "Taylor says the reason things fizzled out between them last time was because they had no time together.
"I'm sure their recent contact is behind her sudden enthusiasm to buy in London. She says they'll be able to pick up where they left off. She has even asked Harry if he'll look at some places with her, since he knows the area."
However, insiders believe that Harry, 18, won't be too impressed with her plan.
The source added: "I'm not sure how Harry will cope if Taylor does move in down the road."
If Taylor does buy a London house to be near Harry, it won't be the first time she has let love influence her property purchases.
In August, the 'We Are Never Ever Getting Back Together' hitmaker bought a $4.9 million 13-room property in Hyannis Port, Massachusetts after spending time in the area with Conor, 18, and the property is across the street from his grandmother's home.
Additionally, the country singer bought a home in Nashville for $2.5 million in 2011. She also owns a huge penthouse apartment in the city, as well as a $3.3 million home in Beverly Hills.