One of four parties biding to take over the Olympic Stadium after London 2012 could turn the site into a Formula One circuit, according to a report.
The London Legacy Development Corporation (LLDC) confirmed the ambitious plan to The Telegraph.
It said the bids would be analyzed and assessed ahead of any further negotiations.
Besides the consortium Intelligent Transport Services (ITS), in association with Formula One, who are part of the bid, there are also offers from London football club West Ham United, who have returned to the Premier League this year, and Leyton Orient, as well as the UCFB College of Football Business, which is a joint partnership between Burnley Football Club and the University of Buckinghamshire.
LLDC CEO Andrew Altman revealed that it could be possible there will be more than one successful bidder, and that a decision could be expected in the autumn.
The 80,000 capacity stadium would be cut by 20,000 after the Olympics, but the running track will be retained, as the stadium is set to host the 2017 World Athletics Championships.
London Mayor Boris Johnson added: "London couldn't be in a better position to stage the best Games ever with everything ready to go and our legacy plans in great shape."
In terms of the proposals ITS's would like to use the Olympic Stadium to host the British round of the Formula One world championship, and the plans are understood to map out a track in and around the venue in east London, the report said. (ANI)