Groves defends his WBA world super-middleweight title in Jeddah on September 28 against Liverpool’s Callum Smith.
But if Smith picks up an injury ahead of the fight, then Eubank — who lost to Groves in February — has agreed to step in.
Junior is already the chief support bout for the Saudi Arabian showdown between Groves and Smith, which is doubling up as the final of the World Boxing Super Series.
Groves explained: “Eubank is the reserve fighter. He is fighting on the bill in Jeddah in the chief support bout which is essentially the replacement fight as well.
“So if Smith or anyone else gets injured between now and then, the promoters won’t delay the date, the replacement comes in and I’d be fighting Chris again.”
Groves, 30, has spent £50,000 on rehab since he dislocated his left shoulder in the last round of his unanimous points win against Eubank.
The Brighton boxer was handed a cruel lesson by Londoner Groves, who outgunned and outclassed his rival when they met in the semi- final of the Super Series.
And Groves, who insists he likes Eubank despite their bitter verbal bust-ups, cannot wait for the chance to do it again.
He added: “I like Chris, believe it or not. I rate him, he is a good fighter and once our fight was made we both went into fight mode.
“He likes to chat. I have nothing against him — sometimes he is easy to have a dig at.
“I’d be good to go with a Eubank fight and the tournament organisers would be happy because it sold well the first time and it could sell well the second time.”
It took Saint George four goes to finally win a world title.
He lost two wars with teak-tough Carl Froch and was defeated on points by Badou Jack before beating Fedor Chudinov last year.
And the Hammersmith hitman is in no mood to hand over his crown to Eubank or Smith.
Groves said of fighting Eubank: “The result wouldn’t be any different to the first fight.
“For it to be different he would need a good run at it and a bit of a makeover. But I couldn’t see a leopard changing his spots.”
Groves also reckons he has too much for Scouser Smith, 28, the youngest of four boxing brothers.
He added: “To keep himself hungry, Callum is describing our fight as his chance to win a world title.
“As far as I’m concerned it’s a huge unification fight — I’m WBA Super champion and he is WBC Diamond champ.
“Smith should take pride in what he has won, he might never get another chance.”
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