The Amarna Princess was bought by Bolton Council in 2003
A fake ancient Egyptian statue created by art forger Shaun Greenhalgh could go on display at the Bolton Museum.
Bolton Council paid £440,000 for the Amarna Princess in 2003, believing it to be a 3,300-year-old antiquity.
Greenhalgh was later jailed and his elderly parents, who were in on the scam, given suspended sentences.
The council has now said it wants to borrow the statue from its permanent owners the Metropolitan Police and put it on display.
A council spokesman said: "The Amarna statue remains the property of the London Metropolitan Police, as ordered by the judge and therefore could never be housed at Bolton Museum permanently.
"However, we are currently looking into the possibility of the statue being temporarily returned to be put on special display."
He added: "If negotiations with the police are successful, we hope the display will attract visitors to the museum and to Bolton in general."
Shaun Greenhalgh, 47, from Bolton, Greater Manchester, made the Amarna Princess and several other fake antiques in the family's garden shed.
Among the other forgeries he made were copies of statues by Barbara Hepworth, Constantin Brancusi, Henry Moore and Man Ray.
Shaun Greenhalgh was sentenced in 2007
He was jailed for four years and eight months in 2007 after admitting fraud and money laundering at Bolton Crown Court.
His parents helped sell their son's forgeries, from which they made at least £850,000 over a 17-year period.
His father George Greenhalgh, 84, sold the objects to museums and art houses, claiming he had found or inherited them.
He and his wife Olive Greenhalgh, 83, were given suspended jail terms after admitting conspiracy to defraud.