The Premier League has backed the concept of a Great Britain football team at the 2012 London Olympics.
Chief executive Richard Scudamore has also hinted his organisation would delay the start of the season to prevent a clash with the London Games.
"I would like to see a British team," Scudamore confirmed.
"The Premier League were supporters of the bid and in practical terms, we will do everything we can to make sure the Olympics are as good as they can be."
Although the Welsh, Northern Irish and English Football Associations have signalled their willingness to join forces, the Scots remain against the plan.
However, Scudamore, whose organisation would supply most of the players for the Under-23 competition, claimed a British team should be entered.
"Ultimately, it is not my decision but the idea of the Olympic Games being held in the UK, with soccer being played in it, and no British team in it, would seem very odd," he added.
Currently, the 2012 Games are due to take place between 27 July and 12 August, raising the possibility of a clash with the opening weekend of the Premiership season, which this year starts on 13 August.