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Just don't expect him to disagree with Republican Party too much if he wins Utah's Senate election in November.
Romney, a Mormon who is popular in Utah, has a strong chance of becoming a senator.
The former Massachusetts governor, out of respect for the victims of the mass shooting at Marjory Stoneman Douglas High School in Florida, has postponed his plans to announce his bid to fill the Senate seat vacated by retiring Sen. Orrin Hatch.
The 2012 GOP presidential nominee would boast a national profile rarely seen from a first-term senator. The conservative Romney would likely agree with Trump on most issues, such as the GOP tax law passed late last year. Policies over which he could clash with Trump include national security, relations with Russia and immigration.
The frequent Trump critic could also use his influence to criticize the president's divisive statements or work on bipartisan deals, according to two former Romney aides. But Romney would likely have to hold back some criticism of Trump, said Kevin Madden, who was a spokesman for Romney's 2008 and 2012 presidential campaigns.
Trump remains highly popular among Republicans and Romney would be only one voice among 100 senators.
"People are going to have to manage expectations about Romney serving as the premier or main counterbalance to Trump inside the party. A lot of people think that's going to happen automatically," said Madden, a partner at public affairs consulting firm Hamilton Place Strategies.
Ryan Williams, another spokesman for Romney's 2012 campaign, added: "He's not going to be a daily critic of the president. But when there's something that rises to the level of where he feels the need to speak out, he'll do it."
Romney would likely have a different relationship with the president than the outgoing Hatch, who has praised Trump in recent months. After the tax plan's passage in December, the senator called Trump "one heck of a leader." Trump reportedly begged the 83-year old Hatch to run for re-election one more time.
CNBC could not immediately reach Romney for comment.
While Romney's positions could have shifted over the years, his 2012 campaign provides a guide to the stances he could take in Congress. Romney's policy positions could differ as he tries to appeal to a Utah electorate, rather than voters nationwide.
Madden notes that he would have to focus on some Utah-specific issues such as land use and the biotechnology sector, among others.
In 2012, Romney adhered to fiscal conservatives' beliefs on the economy. He pledged to cut government spending and warned about the dangers of adding to the national debt. The Trump administration and current GOP-controlled Congress appear to have abandoned those tenets. They are expected to contribute to the growing debt with their recently passed tax plan, which they followed up with a deal on massive spending increases this month.
Romney pledged to repeal the Affordable Care Act and push back against its provisions that critics say infringe on religious freedom. While some consider the health-care plan Romney implemented in Massachusetts a precursor to Obamacare, Romney called for states to craft their own health-care plans. Some current GOP lawmakers have pushed for similar health policy.
The former governor could break with Trump in two notable areas. In 2012, Romney famously called Russia the biggest geopolitical foe the United States faces.
Since Trump became president, lawmakers on both sides of the aisle have argued he has not responded forcefully enough to Russia's efforts to interfere in the 2016 election. Romney could become another one of those members of Congress.
And though the 2012 GOP presidential nominee pushed for increased border security and a fence on the southern border — an area where he agrees with Trump and many other Republicans — he also championed lower barriers to legal entry for highly skilled immigrants and stressed the importance of keeping families together. Trump is currently pushing for major restrictions on legal immigration and limits on extended family reunification.
It is unclear where Romney would stand now on the Obama-era Deferred Action for Childhood Arrivals, a program that protects nearly 800,000 young undocumented immigrants from deportation. Trump ended the program in September with a six-month delay, and Congress is scrambling to find a solution to shield the immigrants brought to the U.S. illegally as children.
Romney would start his first six-year term with more influence than most senators. In one sign of his clout, an Atlantic report earlier this month said the GOP was already considering him to lead the National Republican Senatorial Committee. In that role, he would oversee the fundraising arm for Senate Republicans and help to vet potential candidates.
Regardless of whether he gets a leadership position, Romney would have a big platform to speak out against Trump. He has the name recognition to start a national discussion or advance it.
Romney has been a frequent critic of the president in the past.
In March 2016, Romney eviscerated then-candidate Trump in a speech. He warned that Trump's economic policies could "instigate a trade war" and "balloon the deficit and national debt." He called Trump a "phony" and a "fraud" and warned that his national security policy would make Americans less safe.
Romney changed his tune after Trump's election. The president-elect interviewed him more than once to possibly serve as secretary of State. In November 2016, Romney praised Trump's "impressive" transition effort and noted how hard it is to win the presidency.
As he narrowed down the candidates to serve as America's top diplomat, Trump denied that he included Romney in the process to torment him after the harsh criticism during the campaign.
"It's not about revenge," the president-elect said in December 2016.
Trump later chose Rex Tillerson to lead the State Department.
Since the secretary of State interview process ended, Romney has occasionally used social media to rebuke the president. Trump supported Roy Moore — a man accused of sexually abusing teens decades ago — in last year's Alabama Senate special election. In December, Romney tweeted that he believed Moore accuser Leigh Corfman and said electing Moore "would be a stain on the GOP and on the nation."
When Trump reportedly questioned last month why the U.S. needed immigrants from "s---hole" African countries, Romney called the sentiment "antithetical to American values."
As the 83-year-old Hatch mulled retirement in December, Trump reportedly urged him to seek re-election in part to avoid a Romney run for office. When Hatch announced his retirement in January, Trump and Romney spoke on the phone. The president wished the former governor good luck in his future endeavors.
Despite the public clashes, Williams believes Romney wants to work with Trump and would not run as an anti-Trump candidate.
"He's a conservative Republican, but he won't hesitate to speak out if he disagrees with President Trump," he said.
Both former Romney aides consider taxes and some other economic policies areas in which Romney and Trump could cooperate. They believe Romney would have supported the GOP tax law, which permanently chopped rates for companies and at least temporarily trimmed the tax burden on most individuals.