In this Letter we explore the hypothesis that the quasar SDSSJ092712.65+294344.0 is hosting a massive black hole binary embedded in a circumbinary disc. The lightest, secondary black hole is active, and gas orbiting around it is responsible for the blue-shifted broad emission lines with velocity off-set of 2650 km/s, relative to the galaxy rest frame. As the tidal interaction of the binary with the outer disc is expected to excavate a gap, the blue-shifted narrow emission lines are consistent with being emitted from the low-density inhomogeneous gas of the hollow region. From the observations we infer a binary mass ratio q ~ 0.3, a mass for the primary of M1 ~ 2 billion Msun and a semi-major axis of 0.34 pc, corresponding to an orbital period of 370 years. We use the results of cosmological merger trees to estimate the likely-hood of observing SDSSJ092712.65+294344.0 as recoiling black hole or as a binary. We find that the binary hypothesis is preferred being one hundred times more probable than the ejection hypothesis. If SDSSJ092712.65+294344.0 hosts a binary, it would be the one closest massive black hole binary system ever discovered.
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