The Football Association has put forward Wembley as a potential venue for the Euro 2020 final should UEFA president Michel Platini's plan to hold the tournament across several European countries go ahead.
Platini's brainchild of staging European Championship matches in 12 or 13 different countries, with the final stages all taking place in one venue, will be discussed by UEFA's executive board in December, with a decision set to be made early next year.
It is reported that FA chairman David Bernstein met with Platini last week and registered his association's interest in Wembley holding the final.
"Clearly Wembley is incredibly highly thought of by UEFA and it is something we will probably push for," said Bernstein. "UEFA want to hold the semi-finals and the final on the same ground, or in the same city and I think we would be on their shortlist - but there would be some strong competition."
Turkey have currently placed a bid to hold the whole of Euro 2020 in its traditional format, however if they are successful in their bid to stage the 2020 Olympics then the Euro bid will give way, opening the door for Platini's revolutionary idea.
"One of the major factors is whether Turkey get the Olympic Games or not. If Turkey do not get the Olympic Games then I think they are in a pretty good position to stage the Euros," added Bernstein.
"If we believed there was a real opportunity of having the tournament here of course we would look at it. Of course there would be an intent, the public want it and we'd want it and it would be wonderful to have it here. If Michel Platini's current views prevail and it becomes a pan-European competition, then the focus needs to be on the semi-finals and final."
Wembley will hold the Champions League final for the second time in three years this season as part of the FA's 150th anniversary celebrations.
Football Association of Wales chief executive Jonathan Ford confirmed a bid to stage matches at the Millennium Stadium will be put forward to UEFA.
"This rules us very much in. We now have to see how can this work on a logistical basis. If we are part of a hub including Glasgow, Dublin and an English city this could be very exciting," Ford told the Press Association.
Ford added that Wembley was "today's first choice" for the final.
He said: "I think they will take that to one of the major, major stadiums and Wembley is today's first choice but 2020 is a long time away."
Meanwhile, Scottish FA chief executive Stewart Regan says a venue such as Celtic Park, Ibrox or Hampden Park could also prove an enticing option for UEFA.
"We would be interested in the final but we first have to find out UEFA's minimum criteria for capacity - if they are looking for stadiums with greater capacity then of course we would be interested in hosting group matches," told the Press Association.
"This is a one-off idea as a 60th celebration of the tournament and will bring football to a number of key cities across Europe. As something different and innovative it does carry a lot of merit."