It's been reported that Turnbull will resign from Parliament immediately, which means the government will lose its majority in Parliament.
Behind the scenes of a battle for the leadership of the Liberal party that erupted this week between ousted Malcolm Turnbull and right-wing former policeman Peter Dutton, Morrison was quietly canvassing support among his colleagues.
Despite Dutton getting the numbers for a challenge, there is no guarantee he will assume the top job, with Foreign Minister Julie Bishop and Treasurer Scott Morrison - both Turnbull allies - also in the running.
It followed days of speculation and confusion over whether now former leader Malcolm Turnbull could maintain his grip on the premiership in the face of a conservative uprising.
Mr Dutton's and Mr Turnbull's camps waged the most chaotic, frenetic and at times farcical leadership struggle that Australian politics has seen in years, closing down Parliament on Thursday so that the government could focus on it its rapidly escalating internal crisis.
"I will be leaving the parliament not before too long", he said.
The Liberal Party's bruising leadership contest that led to Mr. Morrison's elevation was the second in the span of a week.
Peters said the prospect of a dialogue over the rights of New Zealanders in Australia and the issue of deportations was more likely today than it was yesterday as a result.
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"Scott was instrumental in securing the GST deal which finally gives West Australians certainty over future GST funding", Mr Porter said.
But the bigger task is for Australia's leaders to rise above partisan ends to address humanity's gravest challenge of global warming. "I'm sorry. You deserve better than numerous things our Federal Parliament has served up to you for the past 10 years", wrote Nationals MP Darren Chester, whose party is in a coalition with the Liberals.
His loss to a member of his own party continues a trend of prime ministers failing to finish their full term - Turnbull himself came to power in 2015 in what Reuters calls a "party-room coup", defeating Tony Abbott.
Defence Industry Minister Christopher Pyne, a Turnbull ally, refused to say who he would be backing and hit out at disruptive elements inside his party.
"In the minds of a lot of Australians, anyone would be better than Malcolm Turnbull as leader of the Liberal Party".
She said Morrison acknowledged his warmth for New Zealand and that her government would keep advocating for New Zealand in the bilateral relationship.
Mr Dutton said: "My course from here is to provide absolute loyalty to Scott Morrison, and make sure we win the election".
Throughout the afternoon, rumours have surfaced of an upcoming party room meeting with the agenda of replacing Mr Turnbull.
Liberal deputy and Foreign Minister Julie Bishop will throw her hat into the leadership ring.