London could host the 2016 Olympics because Brazil is so far behind on preparations for the Rio Games in 2016.
According to the Evening Standard, an informal approach was made by the International Olympic Committee to ascertain whether venues from the magical 2012 Games could host another Olympics in two years' time.
The IOC is so concerned by the shambles in Rio vice-president John Coates has called Brazil’s preparations “the worst I’ve experienced”.
And the news comes a day after an eighth workman was killed during the construction of Brazil's World Cup stadia.
However, before Brits get excited, a figure "close to the Olympic movement" is quoted as saying the chances of London hosting a second successive Olympics are “infinitesimally small”.
A source told the Standard: "At a comparable planning stage in 2004 Athens had done 40 per cent of preparations on infrastructure, stadiums and so on. London had done 60 per cent. Brazil has done 10 per cent - and they have just two years left. So the IOC is thinking, 'What's our plan B?'
"Obviously, the answer would be to come back to London. It's very unlikely but it would be the logical thing to do."
Rio de Janeiro planned to organise the Games at a cost of $14.4 billion.