The football final will be played at Wembley
The idea of a Great Britain football team at the Olympics has received the backing of the government.
Andy Burnham, the secretary of state for culture, media and sport, is backing efforts to have a GB outfit at the London 2012 Games.
"The idea of seeing a British football team is something I feel very excited about," he said.
The Scottish and Welsh football bodies have opposed any such move in case it affects their status within Fifa.
However, Sepp Blatter, president of world football's governing body Fifa, has assured the associations that a one-off British team would not affect the status of the home nations.
Burnham is hoping that those against a united team will alter their views.
"It would be a great thing and while we are proud of our individual traditions as home nations, coming together for this one-off event to play together as Great Britain is something I believe the public would enjoy," he added.
"Our guide should be whether the public would enjoy it and it would be a tremendous thing to happen during this special occasion for the country.
"I just hope we can overcome any differences and bring a strong British football team to the London Olympics."