Conservative MP David Davis has said he will present the motion on Thursday.
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Prescott, writing in the Sunday Mirror newspaper, said he had now changed his view on the legality of the war and criticised Blair for stopping his ministers from fully discussing in advance whether it would be legal.
Lord Prescott, who served with Mr Blair throughout his time at 10 Downing St, said Cabinet had been kept in the dark about the justifications for war.
The prospect of a contempt vote has opened a rift between Corbyn, the Labour leader, and Angela Eagle, the former shadow business secretary who is challenging him for the leadership.
Tony Blair’s deputy prime minister John Prescott said that the United Kingdom broke worldwide law when it joined the invasion of Iraq in 2003.
The MPs looking to push forward the motion state that the censure vote would debate five key areas that the former prime minster “deceived the house” on.
Mr Corbyn told the BBC’s Andrew Marr show: “Parliament must hold to account, including Tony Blair, those who took us into this particular war”.
Davis said: “It’s a bit like contempt of court, essentially by deceit”.
Davis said that he accepted one of these deceptions might have been “accidental” but, he said, the scale of deception showed that Blair had intentionally lied to parliament in the run-up to war.
Mr Twigg, who served as a minister under Mr Blair’s Labour Government, aimed part of the blame for deficient preparations with the U.S., who he said dismantled the Iraq security and police services leading to a surge of thousands of unemployed men. “With great sadness and anger, I now believe him to be right”, Prescott reportedly wrote.
He said: “A day doesn’t go by when I don’t think of the decision we made to go to war”.
Tony Blair immediately called a press conference after the report was released, to express sorrow over the outcomes of the war.
The motion could be debated in the next few weeks providing it is approved by the Speaker.
Ms Eagle said she would not have voted for the war if she had the information now available to her.
No documentation was provided to justify Attorney-general Lord Goldsmith’s opinion that action against Iraq was legal, he added.
“It’s no good trying to second guess what happened subsequently”.
Davis has received support from 20 MPs including the SNP former First Minister Alex Salmond. He has also indicated he will “stand with” bereaved families who are considering legal action against Mr Blair. The way Western leaders such as George Bush, Tony Blair and some of their successors and stable mates went about ruining nations and ancient civilisations on trumped up charges was a veritable crime against humanity and it is time the culprits are brought to book, lest other rulers wish to repeat the misadventures in future.
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“What I can not do, and will not do, is say that the decision was wrong”. They were reportedly allowed to see the Chilcot Report before it was unveiled. “Military action at that time was not a last resort”. It will reportedly accuse Blair of misleading parliament.
