Trump 2024 could be one of the ‘greatest political comebacks in American history,’ says Sen. Lindsey Graham

• U.S. Senator Lindsey Graham said Saturday that former President Donald Trump stands a "pretty good chance" of winning the 2024 U.S. presidential election.
• Graham — a South Carolina Republican and close ally of Trump — said a Trump reelection had the potential to be one of the "greatest political comebacks in American history."
• "I'm literally telling you what I tell him," Graham told CNBC's Steve Sedgwick. "If you get four more years, you can do big stuff."

Sen. Lindsey Graham participates in a panel discussion on the economy during the America First Agenda Summit, at the Marriott Marquis hotel on July 26, 2022 in Washington, DC.Drew Angerer | Getty Images News | Getty Images

U.S. Senator Lindsey Graham believes that former President Donald Trump stands a "pretty good chance" of winning the 2024 U.S. presidential election, in what he said could be one of the "greatest political comebacks in American history."

Speaking to CNBC Saturday, Graham — a South Carolina Republican and close ally of Trump — said he had advised the former president that he had "no chance" of winning the election in 2020, but added that 2024 was within his reach.

"I'm literally telling you what I tell him," Graham told CNBC's Steve Sedgwick at the Ambrosetti Forum in Italy.

"If you lose again, the history about who you are and what you did dramatically changes," he said. "If you come back, it will be one of the greatest political comebacks in American history. And if you get four more years, you can do big stuff."

The potential to do 'big stuff'

Graham, who is currently facing calls to testify in a criminal probe related to Trump's efforts to overturn the 2020 election, said Trump would now be able to position himself as the president of hope and action as the political and economic climate darkens under President Joe Biden.

Here's what Trump might say, said Graham.

"Alright, you've lived through four years of this. You get a chance to start over," he said.

"Remember me? I may not be your cup of tea, but when I was president, our border was secure, we had the lowest illegal crossings in 40 years. I did it," he continued.