Matthew Pinsent will be offered a job with the International Olympic Committee by the end of the year.
Pinsent, who called time on his rowing career on Tuesday, lost his place on the IOC Athletes' Commission in August.
But IOC president Jacques Rogge told BBC Radio Five Live that he would welcome further contributions from the four-time Olympic champion.
"I would definitely involve him through an IOC commission - that is something I have committed to him," he said.
"The decision will be made by the year's end. That is the time when we reallocate the different commissions."
Rogge clarified that Pinsent would need to be appointed chairman of the British Olympic Association to become a full IOC member.
But he paid tribute to the 34-year-old's qualities as a sportsman and a person.
"He's one the most famous athletes in British sport, but he is more than an athlete. He is also a great personality.
"He's been a great member of the Athletes' Commission. It's not just the rower, it's the man behind the rower, which I like very much and admire very much."
The Athletes' Commission has 19 members, 12 of whom are elected by their peers and seven others by the IOC President to ensure a balance of gender, sport and region.