West Ham are in “very serious negotiations” with Olympic authorities about moving into the 2012 stadium, according to Sports Minister Richard Caborn.
The Premiership club have long been linked with a move to the stadium, in nearby Stratford, when the Games have finished.
“There is a very serious negotiation going on between West Ham and the Olympic authorities about the stadium,” said Caborn on Friday.
The talks were between Hammers chairman Terry Brown and senior Olympic figures.
“Talks are going on about whether they could do a similar thing to Manchester City when they took over the Commonwealth Games stadium in 2002,” Caborn added.
Both parties involved in a takeover bid for the club are said to be in favour of the move to the 2012 stadium.
“I’ve have not had any contact with either of the reported bidders at any point – nor would I if they approached me as this would be totally inappropriate.”