The original pieces -- the race car, thimble, boot, top hat and battleship -- as well as the Scottie dog, horse and rider, and wheelbarrow, which replaced the lantern, purse and rocking horse in the 1950s, could all be replaced.
New pieces could include emojis, a penguin, rubber ducky, sunglasses or scooter.
The cat replaced the iron in a fan vote in 2013 but could be replaced when the final results are revealed March 19 -- World Monopoly Day.
The eight winning game pieces will be packed into Monopoly board games in August, according to the Providence Journal.
"Only time will tell if fans will decide to stay with the classics, keep a few favorites or pick an entirely new lineup of tokens," Jonathan Berkowitz, senior vice president of marketing for Hasbro Gaming, said in a release.