John Coates promised Australia is keeping a watching brief over the potential double awarding of the 2024 and 2028 Olympic and Paralympic Games as the country considers a future bid.
The International Olympic Committee (IOC) vice-president made the assertion after extending his 27-year reign as the Australian Olympic Committee (AOC) President today.
Coates won the election held during the AOC's Annual General Meeting at the Museum of Contemporary Art in Sydney, beating challenger Danielle Roche 58-35, to add another four-year term to his Presidency.
Prior to the election, the 66-year-old had vowed to help support a bid for the Olympic Games.
South East Queensland Council of Mayors agreed to go ahead with a feasibility study back in September, despite Gold Coast and Logan City Councils voting against contributing funds.
The study, which will explore whether a bid from the region would be possible, is set to cost around AUD$2.5 million (£1.5 million/$1.9 million/€1.7 million).
Roche had claimed she would not take a "unilateral" decision over whether an Olympic bid would proceed if she was elected President.
Having been re-elected, Coates revealed support for the feasibility study had been given by the AOC Executive and a possible effort for 2028 or 2032 was possible.
"The AOC Executive, not John Coates, has agreed to a feasibility study being undertaken by Brisbane and six surrounding cities," he told Channel Seven.
"That is happening.
"The issue at the moment is what year, whether they could do 2028 or 2032.
"We have got two excellent bids in Paris and Los Angeles.
"If they are awarded at once, Brisbane will move to 2032.
"I think this is a watching brief, it is very important opportunity for South East Queensland, for Australia and for our athletes."
A bid for the 2028 Olympic Games would depend on the outcome reached by an IOC Working Group currently discussing reforms to the bid process, which could lead a joint awarding is possible later this year.
The Working Group was announced in March and is comprised of the four IOC vice-presidents, including Coates.
Turkey's Uğur Erdener, China's Yu Zaiqing and Spain's Juan Antonio Samaranch complete the Group.
They are report during the IOC Candidature City Briefing taking place in Lausanne on July 11 and 12.
IOC members will have "discussions" there based on the recommendations made by the Working Group.
It possible that host cities for both Games could be named at the IOC Session in Lima on September 13.
Los Angeles and Paris are the only remaining bidders in the 2024 race following the withdrawal of Budapest, Hamburg and Rome.
The co-awarding plan has gathered pace in recent months in a bid to avoid missing out on either the French or American cities.
There have been concerns regarding the impact of a dual awarding on other cities considering a bid for 2028.
Istanbul in Turkey is believed to be another potential contender for the 2028, with the country’s National Olympic Committee being led by Erdener.