The High Field Magnet Laboratory at the Radboud University in Nijmegen provides DC magnetic fields up to 33 T to a European-wide user community since May 2003. Starting from 2006 the HFML will be part of the Nijmegen Center for Advanced Spectroscopy (NCAS), a consortium focused on using a broad range of spectroscopic tools in high magnetic fields for nanoscience, and supported by the Innovation Platform of the Dutch Government. NCAS will develop a 45 T hybrid magnet system with 32 mm room temperature access in conjunction with a free electron laser, which will provide far-infrared electromagnetic waves in the range 100 |J.m -1.5 mm (0.2 -3 THz). In this contribution we will give an overview of the considerations for the hybrid magnet, and we will in particular list the options that are under discussion for the realization of the new hybrid magnet system.