The government is to look into whether England has the money and the facilities to host the 2018 World Cup.
Although the decision won't be made for at least seven years, it is thought that the competition will be staged in a European country.
England last hosted the World Cup in 1966, which is also the last time it won the competition.
The study is needed before the Football Association (FA) decides whether to make the bid.
The FA unsuccessfully bid for the 2006 World Cup. But experts say it is now in a much stronger position, because it is better liked in the world of international football.
Germany to host 2006
The new Wembley would be a major selling point of the FA's bid
The new Wembley stadium could also be a big selling point for England.
But it's thought the vote could be split if Spain also want to host the competition.
Next year the finals will be held in Germany, followed by South Africa in 2010 and then South America, where Brazil are expected to win the right to stage the contest.