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UK Athletics chairman Ed Warner says West Ham's proposal to use the 2012 Olympic Stadium is "very credible." The £537m site is set to be reduced from 80,000 seats to 25,000 after 2012, with athletics as its primary use.
Hammers owners David Sullivan and David Gold have expressed their hopes of moving into the stadium in Stratford.
And Warner told BBC Radio 5 live's Sportsweek: "West Ham have put their hat in the ring. It's a very credible proposal and one worth looking at."
He added: "It would work as a football stadium."
American sports and entertainment company AEG, the owners of the O2 Arena, is just one of more than 100 parties to have expressed an interest in assuming control of the venue after 2012.
Potential bidders have until 17 May to register their interest with a final shortlist of about 30 to be announced in March 2011.
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