Fine Gael and Fianna Fáil are in negotiations with the Regional Independent group to become the third leg of the next government.
The group asked both parties to back the nomination of Murphy.
The position is anonymously elected by members of the Dáil in the first session after each general election.
The largest three parties following the general election are Fianna Fáil with 48 TDs, Sinn Féin with 39 and Fine Gael with 38.
The leaders of the three main parties were all re-elected.
Micheál Martin of Fianna Fáil, Simon Harris of Fine Gael, and the Sinn Féin leader Mary Lou McDonald all retained their seats.
Now, they all face an even bigger challenge – to try to form the next government.
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